Prosecutors with the U.S. Attorney’s Office for the Southern District of Florida have dropped charges of mortgage fraud against Plantation, Florida, attorney Steven Stoll and police officer Dennis Guarancino, according to the Miami Herald. Stoll and Guarancino were charged in relation to a $16.5 million dollar loan fraud scheme by Guarancino’s brother, Joseph Guarancino, also a police officer, which involved purchasing and flipping properties. However, their trial last month ended in a mistrial when the jury could not reach a verdict. The Government has stated that it will re-try Joseph Guarancino. Three other Plantation police offers and an FBI agent were acquitted by a jury in April.
Contact the attorneys of Gillen Withers & Lake LLC for your criminal and civil matters, in Savannah or Atlanta.