Phoenix Family Members Sentenced For Real Estate Fraud, Tax Evasion

Arthur Telles and Daphne Iatridis

Daphne Iatridis and her husband, Arthur Telles, both 59, were sentenced to 30 months in prison and ordered the couple to forfeit 26 fraudulently purchased properties to the United States. Both had previously pleaded guilty to conspiracy to commit mail and wire fraud and tax evasion.

The couple’s sons, Brendyn Iatridis and Spenser Iatridis, also pleaded guilty to related crimes and were sentenced to 10 months in prison and probation, respectively.

Between 2008 and 2012, the defendants engaged in an elaborate scheme to obtain more than 30 houses from the Federal National Mortgage Association (“FNMA”). Among other things, they stole others’ identities, used bogus trusts to buy the properties, and fraudulently notarized documents to facilitate the improper purchases. In addition, from at least 2010 through 2015, the defendants failed to pay taxes on their rental income from the fraudulently purchased properties.

“This case epitomized the greed that erodes confidence in the Realtor/Mortgage industry,” said Michael DeLeon, Special Agent in Charge of the FBI Phoenix Division. “I am pleased the defendants are now being held accountable for their crimes and that the majority of the fraudulently obtained properties will be forfeited.”

The investigation in this case was conducted by the Federal Housing Finance Agency’s Office of Inspector General, the Internal Revenue Service-Criminal Investigation, and the Federal Bureau of Investigation.

6 Comments on "Phoenix Family Members Sentenced For Real Estate Fraud, Tax Evasion"

  1. Big government, big money, and big fraud.

    • Denial from these psychopaths. Stealing peoples identities and falsifying documents is a crime you idiot! Hope they enjoy JAIL. Arrogant ass.

  2. Apples don’t fall far from the tree- Lucky they got what little time they got- going to trial would have been really UGLY

  3. What about the goverment …they comited fraud….stolen money ….and today they are doing it ….with fannie mae and frddie mac and who will panishment it….this is not fiar…the law is for every body equal….

  4. that’s what they pay the defense attorneys for …..the get the best plea bargain possible. they went from 17 counts to 1 county of conspiracy, wire and mail fraud and tax evasion. If this had gone to trial they would have gone to jail 15-20 years. Unfortunately, the prosecutors don’t want to go to trial.

  5. Big Government, Big Money, Big Fraud, Too small a Damn sentence though.

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