Stamford Man Sentenced to Federal Prison for Role in $4 Million Mortgage Fraud Scheme

David B. Fein, United States Attorney for the District of Connecticut, announced that CHRISTIAN TUDOROF, 43, of Stamford, was sentenced today by United States District Judge Janet Bond Arterton in New Haven to 18 months of imprisonment, followed by three years of supervised release, for his involvement in a $4 million mortgage fraud scheme.

According to court documents and statements made in court, between December 2006 and March 2007, TUDOROF submitted mortgage applications to a number of different mortgage lenders in association with the purchase of residential properties in Florida, Arizona, and Connecticut. In many of the mortgage applications, TUDOROF provided false information and failed to disclose information to the mortgage lender. For example, after TUDOROF obtained one mortgage to purchase a home in Florida, he deliberately failed to disclose the existence of this mortgage when he applied for mortgages on the other properties purchased in his name. He also falsely represented in the mortgage applications that he intended to live in some of the homes that he intended to purchase when, in fact, he had no intention of occupying these homes.

Through this scheme, TUDOROF obtained more than $4 million in mortgages from mortgage lenders and purchased at least six properties. After he failed to service the mortgages, each of the homes he purchased was sold in foreclosure. As a result, the mortgage lenders suffered losses of more than $2 million.

Today, Judge Arterton ordered TUDOROF to pay restitution in the amount of $2,099,400.

On July 11, 2011, TUDOROF waived his right to indictment and pleaded guilty to one count of wire fraud.

This matter was investigated by the Federal Bureau of Investigation and was prosecuted by Senior Litigation Counsel Richard J. Schechter.

Citizens are encouraged to report any suspected mortgage fraud activity by calling 203-333-3512 and requesting the Connecticut Mortgage Fraud Task Force, or by sending an e-mail to ctmortgagefraud@ic.fbi.gov.

The Connecticut Mortgage Fraud Task Force includes representatives from the U.S. Attorney’s Office; Federal Bureau of Investigation; Internal Revenue Service-Criminal Investigation; U.S. Postal Inspection Service; U.S. Department of Housing and Urban Development, Office of Inspector General; Federal Deposit Insurance Corporation, Office of Inspector General; and State of Connecticut Department of Banking.

To report financial fraud crimes, and to learn more about the President’s Financial Fraud Enforcement Task Force, please visit www.stopfraud.gov.