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Tuesday, 16 July 2019 17:44

Corey Seymour Gets Probation for Money Laundering

Written by Gary V. Murray, Telegram & Gazette

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A Worcester, MA, man, whose father is awaiting trial on related charges, was placed on probation Monday, July 15, after pleading guilty to money-laundering and conspiracy.

Corey Seymour, 26, the son of Allen Seymour, was placed on probation for two years after entering guilty pleas in Worcester Superior Court to three counts of money-laundering and a single count of conspiring to launder money.

 

The charges against Corey Seymour were lodged in connection with an alleged scheme by his father to defraud homeowners and mortgage lenders by providing fraudulent documents in legal and real estate transactions in Cambridge, Somerville, Brighton and Brookline, according to Attorney General Maura Healey.

 

Prosecutors allege that in 2017 and 2018, the elder Seymour, of Oxford, targeted homeowners, some of them elderly, to fraudulently gain control of residential properties and resell them at a profit to investors. The attorney general’s office alleges that Allen Seymour forged power-of-attorney documents in the names of homeowners and others to gain control over the seller’s proceeds, then laundered those funds through third-party accounts.

 

Allen Seymour is alleged to have collected deposits from investors relying on the forged real estate agreements and never returned the funds, which prosecutors say totaled more than $1 million. The elder Seymour is awaiting trial in Norfolk Superior Court on larceny, forgery, uttering and money laundering charges.

 

In 2010, Allen Seymour pleaded guilty in Worcester Superior Court and was sentenced to state prison for a similar mortgage fraud scheme. The prison term of two to two and a half years that was imposed at that time was to be served after Seymour completed a 51-month federal sentence he was then serving in connection with an unrelated $3 million real estate scheme.

 

The charges to which Corey Seymour pleaded guilty Monday involved allegations that in April 2018 he helped his father turn the stolen funds into cash by depositing cashier’s checks through the accounts of third parties.


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