Youngstown man sentenced for million dollar real estate scam - WFMJ.com News weather sports for Youngstown-Warren Ohio

Youngstown man sentenced for million dollar real estate scam

Posted: Updated:
Ondrea Shabazz Ondrea Shabazz
AKRON, Ohio -

The former operator of a Youngstown real estate investment firm has been sentenced to prison for cheating property owners out of more than $1-million.

A judge sitting in U.S. District Court sentenced 48-year-old Ondrea Shabazz to four years in prison, followed by three years of probation.

Shabazz pleaded guilty in May to one count each of real estate fraud, identification and mail fraud.

Fifty seven other counts handed up in the original indictment were dismissed as part of a plea deal.

Shabazz operated the Real Estate Investment Connection LLC which, according to the government, fraudulently obtained and resold distressed properties in the Youngstown area.

Stephen D. Anthony, Special Agent in Charge of the FBI's Cleveland Field Office, says Shabazz forged signatures to fraudulently obtain ownership of distressed, soon-to-be-demolished homes and sold them to his clients for a profit

The government said that Shabazz used false pretenses and promises to defraud real estate owners and others out of money and property.

The indictment alleged that the company would create fraudulent deeds using forged signatures of owners or Notary Publics to obtain property that were foreclosed or targeted for demolition.

The government claims that Shabazz and others would then resell the property under false pretense that Real Estate Investment Connection legally owned the property.

In other instances, Shabazz allegedly acted as an intermediary to broker real estate transactions between property owners and an unsuspecting third party.

The indictment claims that Shabazz defrauded property owners and others out of money and property valued at more than $1 million.

Assistant U.S. Attorney David Toepfer did not reveal names of the alleged victims, but the indictment includes redacted information for 29 deeds, owners of 27 properties, and three Notary Publics who were victims of the scheme.

The judge is expected to issue a ruling on restitution in the case sometime in the next 90 days.

  • More From wfmj.comHot ClicksMore>>

  • What's yogurt? Industry wants greater liberty to use term

    What's yogurt? Industry wants greater liberty to use term

    Wednesday, September 26 2018 4:04 AM EDT2018-09-26 08:04:27 GMT
    (AP Photo/Gerald Herbert, File). FILE - This July 11, 2018, file photo shows yogurt on display at a grocery store in River Ridge, La. The Food and Drug Administration established a standard for yogurt in 1981 that limited the ingredients. The industry ...(AP Photo/Gerald Herbert, File). FILE - This July 11, 2018, file photo shows yogurt on display at a grocery store in River Ridge, La. The Food and Drug Administration established a standard for yogurt in 1981 that limited the ingredients. The industry ...
    Yogurt makers hope Trump administration will give them more liberty on what can be called "yogurt.".More >>
    Yogurt makers hope Trump administration will give them more liberty on what can be called "yogurt.".More >>
  • Florence: an unwelcome visitor who refuses to leave

    Florence: an unwelcome visitor who refuses to leave

    Wednesday, September 26 2018 12:17 AM EDT2018-09-26 04:17:49 GMT
    (AP Photo/Jeffrey S. Collins). Shawn Lowrimore, Pastor Willie Lowrimore of The Fellowship With Jesus Ministries', son, wades into water near the church in Yauhannah, S.C., on Monday, Sept. 24, 2018. The church is on the bank of the Waccamaw River which...(AP Photo/Jeffrey S. Collins). Shawn Lowrimore, Pastor Willie Lowrimore of The Fellowship With Jesus Ministries', son, wades into water near the church in Yauhannah, S.C., on Monday, Sept. 24, 2018. The church is on the bank of the Waccamaw River which...
    Eleven days ago, Lee Gantt was at a Hurricane Florence party in her neighborhood on the waterfront in Georgetown, where the story is some houses haven't flooded from the Sampit River since they were built before...More >>
    Eleven days ago, Lee Gantt was at a Hurricane Florence party in her neighborhood on the waterfront in Georgetown, where the story is some houses haven't flooded from the Sampit River since they were built before the American Revolution.More >>
  • Pope: Priestly abuse scandals driving Catholic faithful away

    Pope: Priestly abuse scandals driving Catholic faithful away

    Tuesday, September 25 2018 8:56 PM EDT2018-09-26 00:56:11 GMT
    (AP Photo/Mindaugas Kulbis). President of Estonia Kersti Kaljulaid, right, welcomes Pope Francis as he arrives at the Kadriorg Presidential  Palace in Tallinn, Estonia, Tuesday, Sept. 25, 2018. Pope Francis concludes his four-day tour of the Baltics vi...(AP Photo/Mindaugas Kulbis). President of Estonia Kersti Kaljulaid, right, welcomes Pope Francis as he arrives at the Kadriorg Presidential Palace in Tallinn, Estonia, Tuesday, Sept. 25, 2018. Pope Francis concludes his four-day tour of the Baltics vi...
    Pope Francis is wrapping up his pilgrimage to the Baltics with a stop in Estonia, considered one of the least religious countries in the world.More >>
    Pope Francis is wrapping up his pilgrimage to the Baltics with a stop in Estonia, considered one of the least religious countries in the world.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms