March 15, 2019 02:58 PM
BUFFALO, N.Y. (WHEC) -- A second man has pleaded guilty in connection to a multi-million dollar mortgage fraud case Friday.
Patrick Ogiony, 35, of Buffalo was one of four people arrested and charged with conspiracy to commit wire fraud.
According to federal prosecutors, between March 2011 and June 2017, Ogiony conspired with co-defendants, and others, to defraud financial institutions including: Evans Bank, N.A., UBS Securities LLC, M&T Bank, Arbor Commercial Mortgage LLC, SteepRock Capital, LLC, and Berkadia Commercial Mortgage, LLC.
Frank Giacobbe, 43, of East Amherst, Kevin Morgan, 42, of Pittsford, and Todd Morgan, 29, of Rochester were also charged in connection to the case.
During the course of the conspiracy, Oginy was working for Aurora Capital Advisors, LLC, a mortgage brokerage company owned and operated by Frank Giacobbe.
Oginy, through Aurora, brokered mortgage loans on behalf of Morgan Management, LLC. Kevin Morgan was the vice president at Morgan Management, and Todd Morgan was a project manager.
Kevin Morgan has already pleaded guilty.
Ogiony faces a maximum penalty of five years in prison and a $250,000 fine.
A photo of Ogiony has yet to be released.
This is a developing story.
Check back for updates.
Updated: March 15, 2019 02:58 PM
Created: March 15, 2019 12:44 PM
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