NEW YORK, May 8 (Reuters) – Two former principals of a New York-based mortgage lender surrendered to the FBI on Thursday after being indicted on charges of conspiracy and fraud involving Fannie Mae (FNM.N: Quote, Profile, Research) and Credit Suisse First Boston (CSGN.VX: Quote, Profile, Research), a federal prosecutor said.
Lieb Pinter, 64, is charged with fraud in connection to the theft of $44 million of payoff proceeds for refinanced mortgage loans financed by Fannie Mae and serviced by Olympia, a now-defunct Brooklyn, New York-based mortgage lender.
Barry Goldstein, 59, is charged with fraud in connection with Olympia’s sale of a portfolio of mortgage loans to Credit Suisse using falsified loan histories.
"Investigating and prosecuting mortgage-related fraud is a priority of the (U.S.) Department of Justice and this office," U.S. Attorney for the Eastern District of New York Benton Campbell said in a statement.
Pinter is charged with conspiracy and wire fraud. Goldstein is charged with conspiracy and bank fraud. If convicted, each faces up to 30 years in prison.