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U.S. attorney: Real estate scammer is a 'fraudster'

U.S. Attorney Preet Bharara

U.S. Attorney Preet Bharara Photo Credit: Craig Ruttle

Elviston Ramasir, 28, of Manorville, has been sentenced to 51 months in federal prison for stealing $1.5 million in two separate real estate scams, according to the U.S. attorney’s office in Manhattan.

U.S. Attorney Preet Bharara, left, called him a “brazen and unapologetic fraudster.”

Ramasir pleaded guilty in January to defrauding an investor who he lured into a real estate deal with promises of high returns on three dozen properties that were never acquired, and later to stealing rent and security deposits from tenants he found on Craigslist.

He carried out the first scheme in 2008 and 2009 while serving as president of Home Free Realty Services, and then pulled off the rent scam while he was out on bail in 2010.
He was sentenced on Monday by U.S. District Judge Schira Scheindlin.

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