By THOMAS GRILLO
BOSTON — A real estate broker who authorities say swindled Lynn homeowners has been indicted on additional charges, according to Attorney General Maura Healey.
Kevin Taing, 49, of Lowell, faces jail time in connection with stealing more than $464,000 through a larceny scheme targeting families facing foreclosure.
This is the second time Taing has been charged. Last fall, he was indicted on larceny charges and obtaining a signature by false pretenses that resulted in the theft of more than $165,000 from homeowners in Lynn and Lowell.
https://newitemlive.wpengine.com/news/lynn-home-sales-down-prices-up/
Healey’s office began an investigation into the licensed real estate broker and principal of EFI, in 2014. Authorities allege Taing, who is of Cambodian descent and speaks Khmer, persuaded 11 Cambodian homeowners facing foreclosure to make payments to EFI rather than their mortgage lender.
Law enforcement officials further allege that Taing led these families to believe that by paying EFI they would reduce their monthly payments and keep their homes.
Instead, Taing allegedly used the cash to pay his personal expenses, credit card bills, restaurant and retail expenses.
Thomas Grillo can be reached at [email protected].