A Queens real estate broker allegedly masterminded a scheme that used stolen identities and counterfeit government documents to extract a $688,403 cash-out mortgage on a Flushing home the defendants never owned.
Five individuals and three corporations now face grand jury charges following an indictment announced by Queens District Attorney Melinda Katz.
The alleged fraud unfolded in November 2024. Gui Li, 45, of Flushing, and an unidentified woman listed as Jane Doe allegedly impersonated the legitimate husband-and-wife homeowners at closing, presenting the title closer with fraudulent Pennsylvania driver’s licenses and Social Security cards carrying the victims’ personal information…