Victor Thomas Clavizzao, 46, has been sentenced to 5 years in prison on convictions of conspiring to commit mortgage fraud. The court also ordered Clavizzao to pay $2 million in restitution and to forfeit an additional $6 million. Clavizzao had entered a guilty plea on September 23, 2009. Court documents stated that Clavizzao worked as a mortgage broker in the purchase of 13 real estate properties. He conspired to submit false and fraudulent information to a variety of lenders in the hopes of inducing the lenders to fund bad loans.Clavizzao’s co-defendant, a Pinellas property flipper who procured bogus loans with Clavizzao’s assistance, was sentenced earlier by a US District judge to 13 months in prison in his actions related to the conspiracy.
Mortgage fraud is a popular charge being seen in the news these days. If you are involved in such an incident, do not forgo your rights to the state. Defend your rights in court with a lawyer that knows the law and that will fight for you.
If you have been arrested for committing any kind of white collar crime in Orlando, Fort Lauderdale, Broward County, St. Petersburg, Miami Dade County, Palm Beach, Vero Beach, Tampa, Fort Meyers, West Palm Beach, or Jacksonville, Florida, call 1-800-761-3446 to speak with Attorney Ralph Behr.