Real Estate Investor from Hudson County Sentenced for Mortgage Fraud
NEWARK, N.J. – Anthony Garvin, a 53-year-old real estate investor from Jersey City, New Jersey, has been sentenced to 24 months in prison for his involvement in a fraudulent home equity line of credit (HELOC) scheme. The scheme resulted in losses exceeding $400,000, as announced by U.S. Attorney Philip R. Sellinger.
From 2011 to 2014, Garvin, in collaboration with others, fraudulently secured multiple HELOCs on properties he owned. The conspiracy involved submitting falsified loan applications and supporting documents, such as fabricated pay stubs, W-2 forms, tax returns, bank statements, and deeds. Garvin subsequently defaulted on all the loans.
U.S. District Judge Katharine S. Hayden, who presided over the case in Newark federal court, also sentenced Garvin to three years of supervised release. Two other individuals involved in the scheme have pleaded guilty and are currently awaiting their sentences.
The investigation that led to Garvin’s sentencing was conducted by agents from the Federal Housing Finance Agency and the FBI. Assistant U.S. Attorneys Blake Coppotelli and Anthony Torntore represented the government in the case.
