Former Naples Realtor sentenced to probation in mortgage scam [South Florida]
A former Naples Realtor has been sentenced to three years of probation and has been ordered to pay nearly $2.4 million in restitution for her role in an $11 million multi-state mortgage scam.
Margaret Giresi, 70, pleaded guilty to conspiracy on Sept. 14 in Vermont. Her sentencing was Monday.
“I wished they would have put her in jail,” said Ron Barakett, a Realtor at Sun Realty in Naples. “I think they need to make an example of her.”
The scheme involved the purchase of at least 50 properties in California, Florida, Kentucky and Vermont. Many of those properties were homes in gated, golf communities off Davis Boulevard in Collier County, including Cedar Hammock and Glen Eagle.