Former Nashua man pleads not guilty to mortgage scheme charges

CONCORD – The former Nashua man charged with heading a scheme that duped struggling homeowners out of their homes pleaded not guilty to federal charges Tuesday. Michael Prieto pleaded not guilty to one count of mail fraud and 10 counts of money laundering during his first court appearance before Magistrate Judge Landya McCafferty. Investigators say Prieto coordinated the mortgage scheme from offices in Manchester, controlling a number of employees and agents involved in the scam, and that he identified struggling homeowners to target. Prosecutors say dozens of New Hampshire homeowners, including at least one in Nashua, were targeted by the conspiracy. The scheme was part of a long-running criminal conspiracy whose members defrauded lenders and homeowners across New Hampshire, Assistant U.S.

Former Nashua man’s sentencing for mortgage scheme postponed

CONCORD – A former Nashua man’s sentencing on federal mail fraud charges for stripping equity from troubled homeowners facing foreclosure has been postponed again. Walter Bressler, now of Frisco, Texas, will be sentenced on federal mail fraud charges March 12. Bressler has pleaded guilty to the charges and was supposed to be sentenced Dec. 5, according to documents filed at U.S. District Court in Concord.