Jersey Shore investor pleads guilty in mortgage, COVID-19 relief fraud schemes ($1.8 million)

A New Jersey real estate investor pleaded guilty earlier this week to participating in a multimillion-dollar mortgage fraud scheme and fraudulently obtaining more than $1.8 million in COVID-19 relief loans, according to U.S. Attorney Robert Frazer. Officials said 39-year-old Arthur Spitzer, of Toms River, pleaded guilty Wednesday to one count of bank and wire fraud conspiracy and one count of money laundering in connection with the fraud schemes. According to prosecutors, who cited court documents and statements made in court, in June 2020, Spitzer conspired with Mendel Deutsch and Joshua Feldberger, who are both awaiting sentencing, to make it appear...