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Key Defendant in Pending LCCRUL Loan Scam Case Indicted In Manhattan Federal Court

 

On August 5, 2014, Justin Romano, the key defendant in one of the LCCRUL’s pending loan scam civil cases, was indicted in federal court in Manhattan for charges stemming from his participation in the alleged $18.5 Million loan modification scheme.  The LCCRUL’s initial civil suit arising out of this loan modification scheme was filed in December of 2012.  Following a monetary settlement and entry of a permanent injunction against a key attorney involved in the operations in 2013, plaintiffs amended the suit in October of 2013 to assert claims against Justin Romano. Romano moved to dismiss that suit, but the judge denied his motion on May 29, 2014. 

In developing the civil suit against these alleged scamming operations, the LCCRUL and its co-counsel relied on the LCCRUL’s Loan Modification Scam Prevention Network database, which contains complaints regarding loan scam operations and operators.   Federal prosecutors had access to this same database, which includes numerous complaints regarding loan modification scam operations with which Romano is alleged to be affiliated. 

To read more about the LCCRUL’s suit against Romano and other pertinent case related documents click here