Michael P. Flavin, 39, of Quincy, cashed more than 60 deposit checks totaling approximately $1.8 million over a three-year period.
From Associated Press
09/29/2022 | 7:59 a.m
BOSTON (AP) — A Massachusetts man who authorities said authorities looted from people looking to buy homes by collecting deposits on properties that had either already been sold or weren’t even for sale yet was found 2 1 on Wednesday /2 years in federal prison, prosecutors said.
Michael P. Flavin, 39, of Quincy, cashed more than 60 deposit checks totaling about $1.8 million over a three-year period, according to a statement from the US Attorney’s Office in Boston.
Flavin executed purchase and sale contracts and received deposit checks from or on behalf of potential buyers, even though the properties’ owners had not agreed to sell to those particular buyers, prosecutors said.
To carry out the scheme, he forged the vendors’ signatures, prosecutors said.
He pleaded guilty to fraud and aggravated identity theft last December. A hearing will be held at a later date to determine reimbursement.
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