Longmeadow Woman Sentenced to Nearly Two Years in Prison for Massive Commercial Loan Fraud Conspiracy

Source: United States Department of Justice Criminal Division

BOSTON – A Longmeadow woman was sentenced today in federal court in Springfield, Mass. for defrauding commercial lenders out of more than $18 million over a four-year period. Together with her co-conspirators (her husband, Louis R. Masaschi, and her sister, Christine Gendron), she provided financial institutions with numerous false and fraudulent rent rolls and forged lease agreements for numerous properties located in Springfield, Mass.; East Longmeadow, Mass.; and Enfield, Conn.