Crime & Safety

Holbrook Man Arrested for Mortgage Fraud

Arrested at Long Island Federal Court House.

A Holbrook man was arrested for defrauding two private mortgage lenders on Long Island and a mortgage firm in Denver, Colorado, according to police.

Delroy Anderson, 43, of Broadway Avenue, represented himself as an officer of Sedburg Holding Corp., a real estate investment company, located at 208 Route 109 in Farmingdale. Anderson obtained mortgages on five houses in Gordon Heights and a building in Mt. Vernon, N.Y., by filing falsified documents, police said.

He then stopped making mortgage payments on the properties held by Sedburg Holding, which resulted in a $1.1 million financial loss to private lenders in Suffolk County, Nassau County and Denver, Colorado, police said.

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Anderson was arrested when he appeared at the Long Island Federal Court House, located at 200 Federal Plaza in Central Islip, for a meeting with a probation officer.

Anderson is prohibited from participating in the mortgage industry under the conditions of a federal probation agreement from May 17, 2001 that stemmed from similar fraud charges in New Jersey, according to a release from police.

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The investigation, which has already lasted about 16 months, is continuing.


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