Virginia Man Sentenced to 5 Years in $12M Foreclosure Fraud Scheme

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“I’ve read the victim impact statements, and … they are heartbreaking,” Judge Moss said. “These people, who were the most vulnerable … were desperate for some help. They took what little money that they had, and it was stolen from them.”

Despite the mitigating factors, including Blackstone’s lack of prior criminal history and remorse, Judge Moss imposed the maximum sentence allowable under the plea deal, which includes three years of supervised release after his prison term.

Conclusion

The Terrylle Blackstone Foreclosure Fraud case highlights the devastating impact of fraudulent schemes targeting homeowners in financial distress. Blackstone’s sentencing marks a significant step in holding those involved accountable, though the prosecutions of the alleged ringleaders, Maresca, Babbs, and Marinelli, are still ongoing.

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