From the files of Larry Noodles, published by LM on 5.21.21
SATMAR BROTHERS BUSTED IN HARTFORD
Jacob Deutsch of Williamsburg and Aron Deutsch of Monsey own BH (Baruch Hashem) Property Management, LLC, a property management company that used to manage several multifamily housing properties in Hartford. They purchased 16 Evergreen Avenue, a 24-unit housing property, and 53 Evergreen Avenue, a 12-unit housing property in 2017 from a limited liability company based in China called Hong Ying Investment, which is owned by Yinghao Huang, Hongfen Yu, and Chao Liang Jia of Changzhou, Jaingsu, China, wherever that is. Hong Ying Investment, LLC took back mortgages from the Deutsch brothers totaling $912,000.00. Its not clear what the Deutsch brothers actually paid for the properties, but it must have been over a million bucks assuming they put down some kind of deposit.
In 2018 the Deutsch brothers applied for real mortgages, backed by the Federal Home Loan Mortgage Corporation, ie., Freddie Mac, to refinance the properties. They were just indicted for lying on their Freddie Mac mortgage applications. Not just little lies. Big, blatant lies.
The FBI had no problem building a case against Jacob and Aron Deutsch. It was the year of the rat. Their own employees ratted them out. Former employees of B H Property Management told investigators that Aron and Jacob instructed them to create fake rent rolls showing that the apartment buildings were 100% occupied, when in reality the apartment buildings were completely vacant. When inspectors from the bank went to visit the apartment buildings Aron and Jacob told their employees to purchase furniture and furnish the properties. The Deutsch brothers told their employees to put their old clothing into the apartments to make the apartments look occupied. Employees were told to create fake leases with fake electronic signatures. Employees were instructed to photo shop utility bills with the names of fake tenants. Jacob and Aron mailed themselves money orders, which they purchased with their own credit cards, in order to show rental payments. Chutzpah! If you are going to commit mortgage fraud don’t use your own credit card.
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