Boca Raton 34-year-old charged with mortgage scam has to give up Rolls Royce, Ferrari and more
A U.S. Secret Service investigation into an alleged mortgage scam run by a 34-year-old Boca Raton man has led to his arrest and seizure of assets including a Rolls Royce Phantom, Lamborghini, Ferrari and 42-foot Fountain racing boat.
Jason Vitulano, who worked for TopDot Mortgage Company in Boca Raton in 2006 and 2007 and later formed his own loan modification firm, is facing federal charges of mail and wire fraud, according to a criminal complaint filed Tuesday in the U.S. District Court, Southern District of Florida.
The complaint claims Vitulano, and a handful of unnamed co-conspirators, falsified bank deposit forms to inflate loan applicants’ income and obtain million-dollar home loans with commissions of tens of thousands of dollars going to TopDot and Vitulano.
In one example, Vitulano is alleged to have signed documents saying a client had a $67,000-a-month income in order to obtain a $1.1 million loan for a home at 887 Parkside Circle North, Boca Raton.