Scottsdale man gets 30-month sentence for false liens involvement

David John Dziedzic, 55, of Scottsdale, was sentenced to jail on Dec. 17 to serve 30 months for his lead role in the short sale of distressed mortgages, some of which were federally-insured.

According to a U.S. Attorney’s Office, District of Arizona press release on the reported criminal activity, Dziedzic had previously pleaded guilty to one-count of communication of unregistered securities, and a separate count for failing to notify the Treasury Department about collecting more than $10,000 in cash from a real estate customer.

Dziedzic operated the “Housing Angels” program through his company, Real Core Realty, LLC, the release said, describing how he “aggressively” marketed a program designed to help homeowners stay in their homes following a short sale, through an undisclosed sale-leaseback program with “angel” investors, which he reportedly received commissions from the buyer and the seller in a short sale transaction through this program.

Dziedzic also recorded false secondary liens on more than 100 short sale properties to induce banks holding primary mortgages to pay off the false secondary mortgages, the release said, resulting in more than $100,000 in illegal profits from the scheme.

As part of the sentence, Dziedzic must give up his real estate license, the release noted. He paid $107,280 in restitution for the actual loss caused when 40 banks paid out on the false liens, and he was also ordered to pay a judgment of $142,000 over time in order to disgorge additional profits.

As part of the plea agreement, Dziedzic, a Canadian national who naturalized as a U.S. citizen during the investigation, is said to have agreed to cooperate in his denaturalization because he had failed to disclose the existence of the  investigation to U.S. Citizenship and Immigration Services during the naturalization process.

His wife, Heather Hamilton Dziedzic, 43, pleaded guilty to a related misdemeanor charge, and was also sentenced for her role in the offense, the release added.

She will also surrender her real estate license. She received a two-year term of probation and a deferred disposition on a felony securities charge, which may be dismissed upon successful completion of the probationary term, the release said.

The investigation for the case was conducted by Internal Revenue Service – Criminal Investigation; the Department of Housing and Urban Development, Office of Inspector General; the Federal Housing Finance Agency, Office of Inspector General; and the Federal Bureau of Investigation.

The prosecution was handled by Gary M. Restaino and Monica B. Klapper, assistant U.S. attorneys, district of Arizona, Phoenix; U.S. District Judge David G. Campbell presided over the sentencing, detailed the release.

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