Longmeadow man pleads guilty to $19M loan scheme: identity theft, wire fraud

A Longmeadow man pleaded guilty Tuesday to using fake tenant documents to secure over $19 million in loans for real estate businesses he co-owned with his wife, which he then defaulted on, federal prosecutors said. Louis R. Masaschi, 59, pleaded guilty in federal court in Boston to identity theft, two counts of wire fraud, and … Read more