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Torrington Man Sentenced for Role in Real Estate Fraud Schemes
Torrington Resident Sentenced to Federal Prison for Role in Real Estate Fraud Schemes, Obstructing Justice
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that
 
THOMAS PROVENZANO,
 
48, of Torrington, was sentenced today by U.S. District Judge Janet Bond Arterton in New Haven to 18 months of imprisonment, followed by five years of supervised release, for his role in a series of fraudulent real estate transactions.
According to court documents and statements made in court, in November 2005, PROVENZANO obtained a $923,200 loan to purchase a lakefront home located at 27 Palmer Road in Morris for more than $1.1 million, despite lacking the income and savings to pay off the mortgage. The property was owned by an entity controlled by a co-conspirator and, on the mortgage loan application, PROVENZANO falsely listed his employment with a company owned by his co-conspirator. In fact, PROVENZANO never worked at the company. The application also falsely listed PROVENZANO’s income as $20,000 per month when, in fact, his annual income was less than $50,000. The company subsequently provided verification for the false employment and income information on the loan application.
In November 2006, PROVENZANO refinanced the loan, obtaining a ... more

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