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Mortgage - Haiti Observer Blog

Mortgage, Haiti Observer Blog. Read the following articles about Mortgage


 

Lucie Tondreau sentenced to over five years in federal prison

Here is something for the Haitian diaspora to think about. Former North Miami Mayor Lucie Tondreau was sentenced this Tuesday in Miami to spend five years and five months in federal prison. The 55 year old Haitian-Amercican Lucie Tondreau was convicted of conspiracy and wire fraud charges back in December 2014.

The Former Mayor will likely spend quite a number of years thinking about this. Following her prison time, Tondreau will also be required to serve three years of supervised release. She was also ordered to pay restitution of which the actual amount has not yet been determined.

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Former North Miami Mayor Lucie Tondreau guilty of conspiracy and mortgage fraud

Lucie Tondreau who was suspended as North Miami Mayor was found guilty by a federal jury today (December 16, 2014) of conspiring to commit wire fraud. She is accused of loan conspiracy with partner and fiancé Karl Oreste and others of a total of $11million between 2005 and 2008. According to the details, she allowed bogus loan applications to use their names in exchange for kickbacks

After a two weeks trial, it took the 12 member jury only two hours to find Lucie Tondreau guilty of conspiracy and wire-fraud charges

Lucie Tondreau was elected as the Mayor of North Miami in 2013. She was arrested immediately after the verdict. With this conviction, she is looking at spending up to 30 years in Federal prison.

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Marie Lucie Tondreau suspended as Mayor of North Miami

The Mayor of North Miami, Marie Lucie Tondreau, is no longer a mayor. She was suspended by the Governor of Florida Rick Scott on Tuesday, May 20, 2014.

On that same day, she appeared in front of a judge as she was accused for working with three others other individuals to commit Mortgage fraud. Ms. Tondreau walked into the FBI office in Miami to surrender. She was granted bail for $50,000. Until her trial that will take place in the future, Lucie Tondreau will have several restrictions. Although she will not have to wear an electronic ankle monitor, she will not be able to stay outside of her home between the hours of 11p.m. to 6 a.m.

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Haitian-American mayor, Marie Lucie Tondreau, Indicted on Mortgage Fraud

This can't look good for the Haitian community. First female Haitian-American Mayor of North Miami, Marie Lucie Tondreau, was among four people indicted on Mortgage found Monday, May 19, 2014.

U.S. Attorney for the Southern District of Florida on Monday filed criminal charges for activities from December 2005 to May 2008 well before Marie Lucie Tondreau had become the Mayor of North Miami.

Tondreau along side with Karl Oreste, Okechukwu Josiah Odunna and Kelly Augustin were all charged with conspiracy to commit wire fraud and wire fraud. If convicted, she is likely to face up to 30 years in prison.

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PromoCapital, Haiti's pioneer investment bank

PromoCapital, established in 2004, became Haiti's pioneer investment bank, the ancillary arm of PromoBank. PromoCapital set up its headquarters in Pétionville and opened affiliate offices in Washington, D.C., Aventura, Florida, and Port-au-Prince, Haiti. The investment bank began with 70 partners in a joint-venture effort born of an agreement signed by the Haitian-American Diaspora, Haitian small- and mid-size businesses, and investment capitalists. The Haitian and U.S. shareholders would share the equity between them equally.

PromoCapital is sub-divided into two financial entities, PromoCapital, S.A., set up as Société Fiancière de Dévelopment, in Haiti, and PromoCapital USA, Inc., a general partnership corporation licensed to operate in Delaware State. PromoCapital appointed two directors to represent its financial entities: Chairman Henri Deschamps of PromoCapital Haiti, and Dumarsais M. Siméus, Chairman of PromoCapital USA.

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Just like in the US, Haiti will offer Home mortgages

The "Haitian Joudalist" has learned that "Micro-mortgages" will be offered to Haitians as part of a new program funded by the International donors of Haiti. Former President Bill Clinton stated that this type of mortgage will be offered to the majority of people in Haiti, including the very poor.

Welcome to the world of Bills in Haiti

Does this mean that from now on, Haitians in Haiti will be able to feel the heat of "High Stress" that we, the Haitian Diaspora" have become accustomed to in the US and Canada?

Don't take me wrong, it will probably be a good thing for the people in Haiti to have access to funds. I just want them to know that they need to be smart about that and use it in a way that will make them become more financially independent.

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