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Wesley Chapel man indicted on federal fraud charges

TAMPA — A Wesley Chapel man was indicted in federal court this month on charges of committing mortgage fraud and bankruptcy fraud.

According to the indictment released by the U.S. Attorney's Office, Marcelo Caruso, 39, obtained more than $1 million in mortgages on three Tampa properties between May 2006 and May 2007. Caruso qualified for the loans by fraudulently inflating his income and falsely stating his intention to occupy each of the homes as his primary residence, authorities said.

When Caruso filed for bankruptcy protection in April 2008, he gave false statements about his income and prior residences, the feds said.

Caruso was charged with committing wire and mail fraud as part of a mortgage fraud scheme, and bankruptcy fraud. If convicted on all counts, he could face up to 20 years in federal prison.

Wesley Chapel man indicted on federal fraud charges 05/16/11 [Last modified: Monday, May 16, 2011 5:46pm]
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