Tuesday, June 21, 2011

Has Anybody Seen My Old Friend Geno, Can You Tell Me Where He's Gone...?

PHILADELPHIA — Victims applauded as a Pennsylvania man was sentence to over 13 years in prison for tricking homeowners into turning their houses over to him then evicting them.

A federal judge in Philadelphia ordered 47-year-old Gennaro Rauso taken into custody immediately after his sentencing Monday. KYW-AM reports victims who attended the hearing began clapped as he was led from the courtroom in handcuffs.
Prosecutors say Rauso offered to rescue more than 200 struggling homeowners by offering them a deal that was too good to be true.

Officials say Rauso got his victims to sign over their properties in return for a promise to pay off the mortgage and rent the property back to the owners. But victims say Rauso took their money and homes then dumped them on the street.
It only took six years and dozens if not hundreds of victims but the feds finally got their man.

More here and here.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home