Eli Puretz Sentenced to 24 Months for Multi-Million Dollar Mortgage Fraud Scheme Involving $864,000 and Foreclosures

Eli Puretz, a key figure in a multi-million dollar mortgage fraud scheme, was sentenced to 24 months in prison. This sentencing comes amid broader concerns regarding mortgage fraud in commercial real estate (CRE). In a related case, a Miami lawyer was implicated in the misappropriation of $864,000 as an escrow agent, with all funds reportedly disappearing within three days. Additionally, a Metro man who paid over $100,000 on his mortgage for 15 years found himself possibly scammed, resulting in foreclosure of his home. The repercussions of these fraud cases are being felt widely, particularly among vulnerable populations such as seniors facing eviction from their residences in Philadelphia.