A Brentwood woman ran a "pay-stub factory" to help real estate officers and a Mastic Beach woman steal nearly $6 million in a mortgage fraud scheme involving 21 properties, Suffolk prosecutors said Thursday.
Irma Tocco, 60, generated hundreds of fake pay stubs and W-2 income-tax forms for straw buyers, who used the phony documents to obtain loans, prosecutors said.
Tocco, four officers at mortgage or real estate firms, and the ex-wife of one of the officers were named in an 82-count indictment charging them with grand larceny, fraud and forgery. One officer, Victor Jinete, 35, of East Islip, made $30,000 in fraudulent commissions, prosecutors said.
"It became apparent Ms. Tocco was turning out hundreds of these fake pay stubs," Assistant District Attorney Marc Lindemann said in an interview. "She was essentially running a pay-stub factory."
Tocco pleaded not guilty on Jan. 7 in Suffolk County Court in Riverhead. She was held on $15,000 bail. Her attorney could not be reached for comment.
Luis Lino, 46, of Hauppauge, and Martha Rosales, 38, of Mastic Beach, pleaded not guilty Thursday. Jinete, Thomas Rosales, 39, of Mastic Beach, and Connie Salas, also known as Martha Marrero, 46, of Brentwood, also pleaded not guilty over the past several weeks.
If convicted, Tocco, Lino, Jinete, Salas and Thomas Rosales face a maximum penalty of 20 years in prison. Martha Rosales faces a maximum sentence of 7 years in prison.