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A jury in New York has convicted Nigeria-born lawyer and former Deeper Life Bible Church pastor, Ifeanyichukwu Eric Abakporo, on charges of fraud, and he could spend a maximum term of 30 years in prison when he is sentenced on November 12, 2013.
Abakporo was found guilty of conspiracy to commit bank fraud, conspiracy to commit wire fraud, and bank fraud. The first and third charges each carry a maximum of 30 years in jail, while wire fraud carries a maximum of 20 years.
Abakporo’s co-conspirator, Latanya Pierce, who was also found guilty on all three counts, faces the same predicament. She will be sentenced separately on December 9, 2013.
Last February, a grand jury of the United States District Court Southern District of New York indicted Abakporo and Pierce on the charges, and recommended that they forfeit to the government a wide variety of properties related to their offences, as well as a sum of money representing the approximate amount of proceeds obtained as a result of the offences.
The jury trial of the suspects took place on July 26 before Judge Shira A. Scheindlin, and the guilty verdict was rendered as early as 1:00pm. Ms. Pierce is currently out on bail, but Abakporo was remanded in custody.
It would be recalled that the superseding indictment [Case 1:12-cr-00340-SAS filed on January 24, 2013] charged that between 2003 and 2012, Abakporo and Pierce, who owned or controlled several real estate-related businesses, worked together to defraud financial institutions and mortgage lenders, property owners, property buyers and others of real property, mortgage loan proceeds, and monies related to real property transactions.
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As part of their fraudulent scheme, the indictment said, Abakporo and Pierce used straw purchasers and borrowers to buy properties using mortgage loans from financial institutions and mortgage lenders, and caused false and fraudulent documents and information to be submitted to those financial institutions and mortgage lenders.
Mikeangelo.
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