Texas man agrees to plead guilty in $1.5 million deed fraud scheme
Federal prosecutors in Boston say Moshe Levi and others posed as out-of-state property owners, including owners of land in Massachusetts, to sell their land to unsuspecting buyers and launder the proceeds.
A Texas man has agreed to plead guilty to federal charges that he helped impersonate out-of-state property owners, sell their land to unsuspecting buyers and launder the money, the U.S. attorney's office in Boston said Tuesday.
Moshe Levi, 61, of Carrollton, Texas, agreed to plead guilty to wire fraud conspiracy and money laundering conspiracy, prosecutors said. A plea hearing has not been scheduled. Levi was charged along with two co-defendants in July.
According to court filings, Levi and his co-conspirators identified vacant properties in Massachusetts, Georgia, Indiana and Tennessee that carried no mortgages or liens and were owned by people who lived in other states. Prosecutors allege the group set up email and internet phone accounts and obtained fake identification, including driver's licenses and passports, in the owners' names.
Posing as the owners, they allegedly tricked real estate professionals into listing the properties, negotiating their sale and deeding them to unsuspecting buyers in exchange for payment.
Prosecutors also allege the group moved the proceeds of the sales by check and wire transfer through personal and corporate bank accounts that they and others controlled, to hide the source and ownership of the money. Since about June 2023, Levi and others shared or tried to share about $1.5 million in illegal proceeds, according to court documents.
Each charge carries a maximum sentence of 20 years in prison.
The charges are allegations, and Levi is presumed innocent unless and until proven guilty in court.
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