SPRINGFIELD, Mass. (WWLP) - A Longmeadow woman has pleaded guilty in Springfield federal court to a loan fraud scheme involving forged lease agreements and fraudulent rent rolls.
Charging documents stated that 57-year-old Jeannette Norman of Longmeadow and her husband, Louis Masaschi, owned dozens of limited liability companies as business partners, including JLL Realty Developers, LLC (JLLRD). Norman's sister, Christine Gendron, was the financial manager for this company.
Between May 2016 and 2019, Norman, Masaschi, and Gendron reportedly conspired to fraudulently obtain loans from financial institutions and commercial lenders for their companies. They did this by providing false and fictitious financial information, including false rent rolls and forged lease agreements for properties