TI ... look at the bold part of the following post.
In Massiah’s case, he applied for a US$292,500 loan from Countrywide in 2007 to a buy a home in Jamaica, New York falsely stating he earned US$6,650 a month as a manager at Ahmad’s catering company, court papers show.
He said he planned to live in the Jamaica home, when in reality he was buying the property with Ahmad. Ahmad compensated him for participating in the scheme, government documents show.
Massiah didn’t make any mortgage payments, and the home was sold two months later, presumably with Ahmad pocketing the profits, the Post report said. City records show it was sold for US$413,400.