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March 19, 2009

Rabbi Leib Pinter Sentenced To More Than 8 Years In Prison

Pinter also ordered to pay $43 million dollars in restitution.

NY man ordered to prison for defrauding Fannie Mae

NEW YORK, March 19 (Reuters) - A former executive at a New York mortgage lender was sentenced to more than eight years in prison on Thursday after pleading guilty to defrauding Fannie Mae (FNM.N) in a $44 million home refinancing scheme.

Leib Pinter, 64, was also ordered to pay more than $43 million in restitution. Prosecutors say that Pinter's scheme left Fannie Mae holding about that amount in unpaid principal of refinanced mortgage loans through his scheme.

The sentence was handed down by U.S. District Judge Sandra Townes in Brooklyn, the U.S. Attorney's Office for the Eastern District of New York said in a statement.

A lawyer for Pinter was not immediately available for comment.

Pinter, a former executive of Brooklyn mortgage lender Olympia Mortgage Corp, pleaded guilty in September 2008 to conspiracy to commit wire fraud.

His firm originated and serviced home loans owned by Fannie Mae. Prosecutors said in court papers when the case was filed last year that when Olympia refinanced a Fannie Mae loan, Fannie typically wired the money to an Olympia bank account.

Olympia was then required to pay off the underlying mortgage loan by sending the outstanding balance to Fannie. But instead, prosecutors said, Pinter misappropriated the proceeds to pay his company's operating expenses and to enrich himself.

Another former Olympia executive, Barry Goldstein, pleaded guilty to conspiracy and bank fraud in January, according to court records.

Prosecutors said Goldstein committed fraud in connection with Olympia's sale of a portfolio of mortgage loans to Credit Suisse Group AG (CSGN.VX) affiliate Credit Suisse First Boston using falsified loan histories. Goldstein is awaiting sentencing.

(Reporting by Martha Graybow, editing by Gerald E. McCormick)

Comments

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hope this scumbag shit rots to hell there

Maybe they'll serve him salami and cheese sandwiches in prison.

Didn't he write seforim for Art Scroll?

well i guess the number will now be 5361....

http://www.crownheights.info/index.php?itemid=15920

YL:

I think at least one indictment for something is mandatory for acceptance in the frum world, its the new "haskomoh" :)

Artscroll has removed his books from their site.

In the Orthodox community I am considered a bigger scumbag than Pinter because I did not marry a Jewish woman. Better I should marry a Jew and steal $100 million then marry a nonjew and live an otherwise honest life

Mordecai
Its worse than that...
Diddle with the kiddies, ah that no problem...they will even scream losan hara in your defense!
Use an umbrella on Yom Tov ho ho! will your name be blackened!

[an explanation is in order. While one can carry on Yom Tov. Using an umbrella is considered putting up a shelter/house and that is not permitted according to the Chumrot crazies]

Artscroll has removed his books from their site.

It's about time. Now they must remove Moshe Eiseman's books.

All eight of these books belong in genizah. It's despicable how they keep advertising the works of this child molester.

http://tinyurl.com/demra4

Yeah, I saw this on Yeshiva World.....

NOT!!!!!

Didn't Ford name a car after Pinter? It exploded if you hit it the rear. Maybe that will happen in prison (/humor).

They are going to need more siddurim in the prison library. I hope Artscroll is prepared to go all the way on this one.
Probably nothing more ironic than reading your own books on jewish morality in the prison library.

They were ready to kill somebody the other day over a package of the wrong hot dogs in Boro Park. But child molesting in Boro Park is not a problem for them.

Will Gershon Tannenbaum write about it in his JP column next week?

When he goes to Otisville which minyan he will join will he give shiurim there ?

Hi,stumbled on to this blog accidently,can any one point me to the blog where they publicize the good things Orthodox Jews do?This looks like a Christian messianic site.Bottom line:every jew has failings, Madoff to Pinter , everyone in between.No reflection on Orthodoxy, it is the person who sins.Madoff will suffer in Gehenim ,Pinter will suffer, & the owner this blog will also, because all have sinned

+++"can any one point me to the blog where they publicize the good things Orthodox Jews do?"+++

Posted by: Proud Sephardic Jew

go to vos-iz-bullshit.com where the readers defend and pray for this "ehrliche yid" who ripped off the govt. in the 70s and never stopped his life of crime. and then you can say tehillim for the three wonderful yeshivish boys who smuggled the ecstasy in japan.
or go to christian-like jews.com, otherwise known as chabad.org you'll fit right in with those who believe that if we keep problems silent they don't exist.

I love these trolls who parachute in, and immediately stick their heads in the sand ostrich-like upon landing, saying they see no evil and we're all loshon harah-niks. I wonder if it's the same guy with different aliases.

This blog is for a bunch of misfit self hating losers.You give youself away with your foul mouthed comments.You are all free to leave & convert to Islam or Christanity if you dont like Orthodax Judaism.

Regarding:
""""This blog is for a bunch of misfit self hating losers.You give youself away with your foul mouthed comments.You are all free to leave & convert to Islam or Christanity if you dont like Orthodax Judaism.""""

We are against Child Molestation and the effort to prevent the guilty from brought to justice. We are against criminals dressed like Orthodox Jews who rob, rape and etc who think secular laws don't apply to them. We are against 'idol worshipers' who think their form of Judaism is the ONLY road. Personally, the truly pious I honor.

You are all free to leave & convert to Islam or Christanity if you dont like Orthodax Judaism.

Posted by: Proud Sephardic Jew | March 22, 2009 at 12:11 PM

And substitute one set of pedophiles for another? No thanks. I'd rather fight the turds on my own turf.

May hashem help him

I hope Pinter is killed in prison and his soul rots for eternity. I lived in one of his properties in Texas and I have lost everything I own the custody of my son because of him and his thieving business practices.

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