A fourth defendant has admitted his role in what prosecutors say was a multimillion dollar mortgage scam in Westchester County.
David Reback, an attorney from Rye Brook, pleaded guilty on Friday to the entire indictment against him, which included four felony counts of second-degree grand larceny and one count each of conspiracy and fraud. All the charges are felonies.
Reback will be sentenced Oct. 8. He’ll either serve a year at the Westchester County jail in Valhalla or one to three years in state prison, depending on how much money he can pay back, according to the District Attorney’s office.
Four others accused in the mortgage scheme maintain their innocence. They are Amerigo DiPietro of Brewster, who owned Interstate Monetary Concepts in Briarcliff Manor, and lawyers Eileen Potash of Queens, Mildred Didio of Manhattan and Frank Corigliano of Newtown, Conn.
Prosecutors allege they are among a group of eight who stripped homes from four Westchester County families and swindled two mortgage lenders out of $1.4 million from December 2004 to January 2007. They are accused of targeting people in Croton-on-Hudson, Yorktown, Cortlandt and Mount Vernon who were about to lose their homes, promising to save them but leaving their victims with nothing.
Doreen Swenson and Hubert “Phil” Hall, a married couple from Tarrytown, already pleaded guilty to second-degree grand larceny and first-degree scheme to defraud, both felonies, in helping to set up the phony mortgages. Hall, a former editor at a precursor to The Journal News, and his wife agreed to serve two to six years in state prison and will be sentenced Aug. 5.
Wilma Shkreli of Westwood, N.J., is scheduled to be sentenced to five years’ probation on Aug. 31 after pleading guilty to second-degree grand larceny. Prosecutors said she posed as an investor.
Second-degree grand larceny is punishable by a maximum of 15 years in state prison.