A loan officer from a Bloomfield-based business was sentenced Monday to 366 days in prison for his role in a $1.5 million wire fraud case, U.S. Attorney Paul J. Fishman announced.
David Wynn of Englewood, from Home Start America Inc., previously pleaded guilty to conspiracy to commit wire fraud, along with its chief executive officer and founder Michael Kaufman, of Reading, Pa. Kaufman also pleaded guilty in the sceme and is awaiting sentencing.
Kaufman founded HSA in Bloomfield, N.J., and at one time employed more than 30 people in the historic Leo building at 2 Broad St. . Kaufman, through HSA, purchased and sold residential real estate properties. As part of the scheme, Kaufman and others recruited people – often first-time home buyers – to purchase properties quickly, with promises of no money down, no closing costs, and repairs paid for by HSA. Kaufman would then steer the purchasers to loan officers, including Wynn.