Quincy’s real estate agent pleads guilty to falsely marketing homes that weren’t for sale

On Friday, a Quincy real estate agent pleaded guilty in Boston federal court to a scheme in which he obtained around $ 1.8 million by falsely marketing properties that were not for sale or were already sold and stealing deposits from potential buyers, officials said.

Michael P. Flavin, 38, has pleaded guilty to two counts of wire fraud and two counts of aggravated identity theft and is expected to be sentenced on April 12, according to a statement from the Massachusetts attorney’s office.

Lawyers for Flavin did not immediately respond to a request for comment on Friday evening.

Flavin solicited deposits on numerous properties that were not for sale between 2017 and April 2020, executing buy and sell agreements and accepting deposit checks, prosecutors said. He forged the vendors’ signatures on the documents and cashed over 60 bond checks totaling approximately $ 1.8 million.

He faces a sentence of up to 20 years in prison, three years of supervised release and a $ 250,000 fine for each charge of wire fraud. He faces a mandatory two years in prison to serve consecutively with any other sentence, up to one year of supervised release, and a fine of $ 250,000 for each aggravated identity theft charge, prosecutors said.

Jeremy C. Fox can be reached at [email protected] Follow him on twitter @jeremycfox.

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