Ayda Young, Yohany Garcia, Zoraida Abreu, And Johnny Bou-Nassar Charged In $2.4 Million Foreclosure Scam
For nearly two years, four Miamians engaged in a fake foreclosure scheme that netted them over $2.4 million dollars, according to the State Attorney's Office.
Ayda Young, Yohany Garcia, Zoraida Abreu, and Johnny Bou-Nassar are charged with racketeering, criminal use of personal information, grand theft, and uttering a forged instrument.
According to the arrest warrant, these individuals claimed to have connections at Miami-Dade County that allowed them to pull property from Tax Deed Public Auctions and sell it for the price of the outstanding property taxes.
The warrant outlines that via the scheme, the "buyer" would choose a property and write a check to Miami-Dade County or Miami-Dade County Short Sales for the amount of overdue taxes.
After four to six months, the buyer was told that the property would be theirs. The checks ranged from $1,000 to $195,000.
State Attorney prosecutors say that Young et al., operating under the corporation Miami-Dade County Short Sales, sometimes provided buyers with fake notarized documents certifying the sales.
Investigators found that the buyers' checks were being cashed at check-cashing stores and were never submitted to the County.
From August 2009 to March 2011, the four defendants pocketed over $2.4 million.
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First Posted: 02/22/2012 2:38 pm Updated: 02/22/2012 2:43 pm