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06/25/12

Disbarred Attorney Charged With Loan Modification Scams

 

A disbarred attorney in Miami is accused of defrauding at least four victims of thousands of dollars and leading them to believe he was helping them with a loan modification, officials said.

Eduardo A. Exposito, 43, was arrested Thursday and faces charges of grand theft, organized scheme to defraud and uttering a forged statement, according to an arrest affidavit.

The report said Exposito conducted at least four loan modification scams with four different victims from November 2010 to April 2012, stealing about $9,000.

Exposito would meet with clients under the guise of helping them modify their mortgages and would have them pay for fees and services, Miami-Dade Police said. He would then tell the victims their loans had been modified but when the victims called their lenders, there was no record of the transaction, a release said.

In one case, Exposito told one of the victims he had been doing loan modifications for 15 years and charged the victim $3,500 in fees, a report detailed.

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