Squirrel Hill landlord sentenced in mortgage fraud scheme
Dov Ratchkauskas, a Squirrel Hill landlord and Israeli citizen who tried to flee the U.S. after he admitted to his leadership role in a mortgage fraud scheme, was sentenced Tuesday to 57 months in federal prison.
U.S. District Judge Nora Barry Fischer imposed a 51-month term for the mortgage fraud, which he carried out with his partner at Admiral Capital, George Kubini, and another half a year for contempt of court in trying to obtain a passport so he could escape.
Federal agents had arrested him on Mount Royal Road in Squirrel Hill on March 4, 2015, and hauled him away in handcuffs as neighbors watched and at least one recorded the scene on a cell phone.
The week before, Ratchkauskas, 50, admitted that he and Kubini, along with a cadre of crooked associates, ripped off financial institutions for millions in fraudulent loans through a complex web of false representations.
Read more: http://www.post-gazette.com/local/city/2017/07/25/Squirrel-Hill-landlord-Dov-Ratchkaskas-sentenced-mortgage-fraud-scheme-2015/stories/201707250128
