TRENTON, NJ — The admitted ringleader of a New Jersey mortgage-fraud scheme has been sentenced to a decade in prison and ordered to pay restitution.
Genilza R. Nunes, 38, led a team that defrauded a mortgage lender out of more than $431,000 by obtaining a loan and purchasing a Newark property in the name of a dead man.
Prosecutors say the Kearny resident pleaded guilty May 8 to second-degree money laundering.