President Trump has commuted the sentence of a real estate developer who was convicted two years ago in a $50 million mortgage fraud involving Connecticut properties.
Jacob Deutsch of Brooklyn was sentenced in January 2024 to five years in prison and fined $10,000 for his role in a scheme that involved the acquisition of 17 multifamily housing complexes in the Connecticut capital city of Hartford between 2016 and 2021. Deutsch partnered with his cousin Aron Deutsch to create hundreds of fraudulent financial documents to obtain 24 separate mortgages.
To support their applications, the cousins submitted fake lists of tenants, along with forged signatures on phony leases and fake moving in dates. Deutsch went so far as to hire a staging company to give the false impression of occupied units when a lender came to inspect the properties.
At the time of his trial, federal prosecutors said the “sheer volume of false documents and material misrepresentations’’ in this scheme was “staggering,” with lenders losing about $3.5 million on $50 million in loans. Prosecutors said the cousins used their loan proceeds to acquire new buildings and renovate previously acquired properties.
After his arrest and while released on bond, Deutsch victimized another lender to secure an $11 million loan. Deutsch had a prior criminal history with a wire fraud conviction stemming from an insurance fraud scheme. In October 2003, he was sentenced to three months of imprisonment for that offense.
Trump offered no explanation for this action, which was issued on Jan. 15 without an official announcement. The presidential declaration called for “an immediate commutation of his entire sentence to time served with no fines, restitution, probation, or other conditions.”
A rub from one criminal to another.
One slime bucket helping another! Disgraceful!
Can’t support thieves. Can’t support this.
We are witnessing unprecedented behavior by
Trump that should cause even his strongest supporters to wonder if he’s losing “his marbles” or doesn’t think the only rule of
law that matters his his version .
Pretty disgusting to witness!
Well, this is one thing I can’t make an excuse for. I wonder why he did it? He must have something up his sleeve on this one. I’ll wait and see before judging.
Biden pardon criminals (lots of them) Where was the outrage. This person didn’t kill anyone
This is not a political observation:
The behavior as described above is, on all fronts, unacceptable, inexcusable, unpardonable.
Do Not judge what you do Not know ALL the facts. Stop judging Not your job until you have the entire story & facts correct. Dont you folks have something better to do? give your opinion. Who cares. Facts..just the facts…NOT Chaos & defaming anyone’s character. It is a CRIME
Oh please stop with all of the nonsense of TDS. Trump commutes a 3 year of 5 year sentence of a non violent crime. Meanwhile Murphy, on his way out of office, commutes 68 YEARS of a 100 year sentence for a Mother who strapped her 18 month old daughter & 28 month old son into their car seats then doused them with gasoline and set them on fire while watching them burn to death in front of her in-laws house in NJ. Over the course of Murphy’s term in NJ, he has granted clemency of over 60 people who were convicted of taking a life. SMH