Date: 02-01-2020

Case Style:

Case Number: 3:19-cr-30004-MGM

Judge: Mark G. Mastroianni

Court: United States District Court for the District of Massachusetts (Hampden County)

Plaintiff's Attorney: Steven H. Breslowl and Deepika Shukla

Defendant's Attorney:

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Description: Springfield, MA - The United States of America charged Talal H. Soffan with fraud.

A Springfield man was sentenced today in federal court in Springfield in connection with various fraud schemes.

Talal H. Soffan, 46, was sentenced by U.S. District Court Judge Mark G. Mastroianni to 30 months in prison, five years of supervised release and ordered to pay $573,624 in forfeiture. In February 2019, Soffan pleaded guilty to making false statements to a federally insured financial institution, wire fraud, aggravated identity theft, conspiracy and bank fraud.

In March 2007, Soffan applied for two bank loans totaling $45,000 for his company, All Waste Management LLP. In the process of securing the loans, Soffan concealed his and an associate’s prior felony convictions. After receiving the loans, Soffan then misspent the loan proceeds, defaulted on the loans, and exploited both accounts in connection with a series of credit card bust-out schemes. In those schemes, Soffan defrauded various banks and credit card companies through 27 different accounts obtained in his name, the name of his business, other businesses, and other individuals, resulting in an overall loss of approximately $528,624.

In addition, Soffan conspired with a local real estate broker to defraud various banks relating to foreclosed properties owned by the banks. Soffan sent the broker e-mails containing his company’s genuine bid and false bids from other companies to ensure that his company received contracts to perform repair and maintenance work on the foreclosed properties. In exchange for receiving approximately $75,186 in contracts for his company, Soffan allowed the broker to keep approximately five percent of his company’s invoiced amounts.

United States Attorney Andrew E. Lelling; Robert Manchak, Acting Special Agent in Charge of the Federal Housing Finance Agency; Kristina O’Connell, Special Agent In Charge of the Internal Revenue Service’s Criminal Investigations in Boston; Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division; and Joseph W. Cronin, Inspector in Charge of the U.S. Postal Inspection Service made the announcement.

Charges:

CONSPIRACY 18:371.F
(1)
BANK FRAUD, 18:1344A.F
(2)
AGGRAVATED IDENTITY THEFT, 18:1028A.F
(3)

Outcome: 01/31/2020 18 Reset Hearings (courtroom) as to Talal H. Soffan: Sentencing reset for 1/31/2020 11:00 AM in Hampden Courtroom before Judge Mark G. Mastroianni. (Lovett, Jarrett) (Entered: 01/31/2020)
01/31/2020 19 Electronic Clerk's Notes for proceedings held before Judge Mark G. Mastroianni: Sentencing Held on 1/31/2020 as to Talal H. Soffan (1): restitution addressed; hearing re restitution for 3/31/2020 2:00 PM in Hampden Courtroom before Judge Mark G. Mastroianni; sentence recommendations given; deft's right to allocution exercised; deft committed to the custody of the Federal Bureau of Prisons to be imprisoned for a total term of 30 months; followed by supervised release for 5 years; sentence to run concurrently with sentence imposed in case 14-cr-30012-MGM; $300 special assessment, no fine; deft to self-surrender on 3/13/20; deft advised of right to appeal. (Attorneys present: AUSA Breslow for the Gov't; Pellegrino for the deft. ) USPO: K. Foster (stand-in))Court Reporter Name and Contact or digital recording information: Alice Moran at alice.moran@verizon.net. (Lovett, Jarrett) (Entered: 01/31/2020)
01/31/2020 20 ELECTRONIC NOTICE OF HEARING as to Talal H. Soffan: Restitution Hearing set for 3/31/2020 02:00 PM in Hampden Courtroom before Judge Mark G. Mastroianni. (Lovett, Jarrett) (Entered: 01/31/2020)

Plaintiff's Experts:

Defendant's Experts:

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