Husband and wife sentenced in loan scam

The state Office of Financial Regulation says the couple collected fees in advance of promised loan closings, an illegal activity.

By Business Observer Staff
| 2:14 p.m. October 11, 2019
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Barry Vigoda was sentenced to more than two years in prison, followed by 10 years of probation, for his role in a fraudulent loan scheme after a plea of no contest.

Charlotte–Lee–Collier

NORTH FORT MYERS — A North Fort Myers couple entered pleas of no contest in an advance fee for loan scheme, with the husband receiving a prison sentence followed by probation while his wife received solely probation.

The Florida Office of Financial Regulation in Tallahassee announced via a news release Oct. 11 that Barry Vigoda has been sentenced to more than two years in prison, followed by 10 years of probation, for his role in a fraudulent loan scheme after a plea of no contest. He was also ordered to pay more than $151,000 in restitution, as well as associated court costs, the release adds.