Judge Mark Hallal declared Allen Seymour a Common and Notorious Thief and ordered him to serve six to eight years in state prison.
Seymour, 53, of Oxford pleaded guilty on Friday in Norfolk Superior Court to 11 counts of Forgery, five counts of Uttering, five counts of Larceny over $250, one count of Larceny over $1,200 and four counts of Money Laundering.
According to Attorney General Maura Healey’s office, Seymour ran a scheme to defraud homeowners and mortgage lenders by providing fraudulent documents in legal and real estate transactions in Greater Boston
Seymour’s stay in prison will be followed by three years of probation with the conditions that he surrender $190,000 and 238 gold coins and a condition that he is barred from handling real estate transactions.
The Attorney General’s office intends to use the cash and value of gold coins surrendered by Seymour for victim restitution.
“This defendant conned homebuyers, elderly residents, and lenders for his own personal profit and robbed them of more than a million dollars,” Healey said. “We are pleased that he is being held accountable and serving time in prison for his crimes.”
According to the AG’s Office, from 2017 and 2018, Seymour targeted vulnerable homeowners, including elderly residents, in Cambridge and Brookline to fraudulently gain control of their residential properties and then resell them at a profit to buyers without the knowledge of the homeowners. He forged purchase and sale agreements, power of attorney documents and other records in the name of the homeowners to orchestrate fraudulent residential sale transactions and gain control over the seller’s proceeds. Seymour then laundered those funds through third party accounts and purchases of gold.
He also collected deposits totaling $550,000 from the homebuyers relying on his forged purchase and sale agreements for properties in Brighton, Somerville and Cambridge and stole those funds.
In total, Seymour stole over $1.5 million through these various transactions.
In 2010, Seymour previously pleaded guilty and was sentenced to two years to two and a half years in state prison for a similar mortgage fraud scheme prosecuted by the AG’s Office. Seymour will begin his new sentence this week after completing the three to five years in state prison he was sentenced to for violating probation from this 2010 conviction. Seymour was arrested in South Carolina in 2018 for the probation violation.
