Mortgage fraud dropped for Florida lawyer, ex-cop

October 13, 2011

Miami Herald on October 12, 2011 released the following:


FORT LAUDERDALE, Fla. — Federal prosecutors have dropped mortgage fraud charges against a Florida lawyer and former police officer.

Prosecutors told a Fort Lauderdale judge Wednesday they would not retry attorney Steven Stoll and former Plantation officer Dennis Guaracino. Their first trial ended in a mistrial in September when a jury could not reach a verdict.

The third defendant in the case is Joseph Guaracino, brother of Dennis and also a former Plantation cop. Prosecutors say they will put Joseph Guaracino on trial a second time.

An indictment contends Joseph Guaracino orchestrated a $16.5 million loan fraud scheme to buy and flip properties.

In April, another jury convicted two former Plantation officers of fraud in the case. But three current officers and an FBI agent were acquitted.”

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