Tony Wanyiu Cheng, 56, a licensed real estate broker from Bayside, allegedly organized the scheme and was present at the closing alongside Chun Kong Lau, 46, of Staten Island.<\/p>\n
“The defendants stole the identities of husband-and-wife homeowners, impersonated them at a closing and used fraudulent drivers’ licenses and Social Security cards to take out a mortgage on the victims’ home,” DA Katz said.<\/p>\n
“The scheme saddled the victims with a mortgage they did not authorize and allegedly cost a Queens lender more than $688,000.”<\/p>\n
How the money moved<\/p>\n
The day after closing, Lau and Qiang Li, 59, of Flushing \u2014 using a fake Maryland driver’s license bearing the male victim’s date of birth \u2014 opened a joint account at the South Flushing branch of TD Bank.<\/p>\n
More than $269,000 was subsequently routed into Cheng’s personal and business accounts, which were held through three entities: CB Direct Store Inc., YW Capital LLC, and MTR Development Co. LLC.<\/p>\n","protected":false},"excerpt":{"rendered":"Tony Wanyiu Cheng, 56, a licensed real estate broker from Bayside, allegedly organized the scheme and was present…\n","protected":false},"author":2,"featured_media":294418,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[106915,10905,9,24,63,122,112246,124,123],"class_list":["post-294417","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-forged-documents","tag-mortgage-fraud","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-county-district-attorney","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/294417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=294417"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/294417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/294418"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=294417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=294417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=294417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}