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Brothers involved with VA housing repair contracts plead guilty to wire fraud

By  |  January 25, 2012
Brothers involved with VA housing repair contracts plead guilty to wire fraud

Two brothers formerly at Ocwen, a Florida property management company, pled guilty to wire fraud in connection with housing repair contracts for the VA. Joshua Nusbaum, a former residential sales manager at Ocwen, steered repair contracts to a company affiliated with Andrew Nusbaum, a former contractor, in exchange for cash payments. Competitive bid information and bids were transmitted via wire communication. The Nusbaums face a maximum penalty of 20 years’ imprisonment and a $250,000 fine. The maximum fine may be increased, depending on the gain derived from the acts or the loss suffered by the victims.

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    Source: DOJ Press Release