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Former South Hadley Man Sentenced for Mortgage Fraud

BOSTON, Mass. (WGGB) –  A former South Hadley man was sentenced today in federal court for defrauding multiple lending institutions in connection with a mortgage fraud scheme.

 40 year-old, David Tarczynski, a current resident of Pompao Beach, Fla., was sentenced by U.S. District Judge Michael A. Ponsor to 20 months in prison to be followed by three years of supervised release and $923,000 in restitution.

Tarczynski pleaded guilty to conspiracy to commit wire and bank fraud in June 2011.

 Had the case proceeded to trial the government’s evidence would have proven that Tarczynski was part of a mortgage and bank fraud conspiracy involving two properties in Florida, one property in South Hadley, and a $100,000 line of credit originating out of a West Springfield branch bank. The scheme involved loans in excess of one million dollars and losses close to the million dollar mark.  Tarczynski’s co-defendant, James June, is scheduled for trial on May 23, 2012.

 United States Attorney Carmen M. Ortiz and William Offord, Special Agent in Charge of Internal Revenue Service, Criminal Investigation, Boston Field Division, made the announcement today. The case was prosecuted by Assistant U.S. Attorneys Karen L. Goodwin and Alex Grant of Ortiz’s Springfield Branch Office.

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