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Former Augusta Commission candidate Robert DeMello sentenced to 58 months in federal prison for bank fraud

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Former Augusta Commission candidate Robert DeMello was sentenced Monday in U.S. District Court to 58 months in federal prison.

Robert DeMello, a former candidate for Augusta Commission and Georgia Senate, was sentenced in U.S. District Court to 58 months confinement for bank fraud.  FILE/STAFF
FILE/STAFF
Robert DeMello, a former candidate for Augusta Commission and Georgia Senate, was sentenced in U.S. District Court to 58 months confinement for bank fraud.

DeMello, a real estate broker who in 2005 lost a bid for the commission District 1 post to Betty Beard, was indicted two years ago along with property manager Raymond Turner and appraiser William Raulerson on three counts of bank fraud and one count of conspiracy to commit bank fraud.

The indictment said that between 2003 and 2010 DeMello recruited and paid several individuals to serve as straw buyers to purchase Augusta properties – located at 644 Crawford Ave., 1211 and 916 Greene St., and 2570 Lumpkin Road – at inflated values used to obtain mortgage loans from a Waynesboro, Ga., bank.

DeMello and Turner, who according to the indictment obtained fraudulent appraisals of the properties from Raulerson and filed the mortgage applications, were ordered together to pay the bank restitution of $451,656. Turner was sentenced last year to 62 months in federal prison.

According to minutes from his sentencing, DeMello accepted a plea agreement and was sentenced on Count 2 of the indictment, bank fraud. He requested a federal facility and agreed to turn himself in by Saturday.

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palmetto1008
9782
Points
palmetto1008 06/05/12 - 06:41 pm
2
0
I guess the best candidate
Unpublished

I guess the best candidate won back in 2005. Betty's scam totaled only $25,000.

Augusta resident
1368
Points
Augusta resident 06/05/12 - 07:39 pm
3
0
How in the world can you

How in the world can you inflate prices at Crawford Ave.,Greene St., and Lumpkin Road.

itsanotherday1
40530
Points
itsanotherday1 06/06/12 - 01:17 am
1
0
I'm not clear on this; though

I'm not clear on this; though he borrowed money on inflated values, did he actually defraud the banks? As long as the payments were made, where was the beef? Of course, he criminally misrepresented the properties to get the loans, but did the banks actually lose anything?

JohnBrownAug
1962
Points
JohnBrownAug 06/06/12 - 05:52 am
1
0
I'll guess all the properties

I'll guess all the properties were foreclosed on.

palmetto1008
9782
Points
palmetto1008 06/06/12 - 09:43 am
0
0
wow, itsanotherday1!!!
Unpublished

wow, itsanotherday1!!!

itsanotherday1
40530
Points
itsanotherday1 06/06/12 - 10:11 am
0
0
Wow what palmetto, I'm just

Wow what palmetto, I'm just asking where the banks lost money; not whether or not he is criminally liable. I'll assume JBA has it right, and if so, this guy is dumber than a post.

Willow Bailey
20580
Points
Willow Bailey 06/06/12 - 12:40 pm
0
0
IAD1

It doesn't take a money loss for there to be fraud.
And if the bank did not loose money on this transaction, they would have on future ones. Dishonest people never stop until someone stops them. When you borrow money from a bank, you sign a document swearing the whole deal and the actual deal has been disclosed. I'm judging by this remark, your position on the illegal immigrants could change, if you knew they weren't costing anyone anything?

itsanotherday1
40530
Points
itsanotherday1 06/06/12 - 01:33 pm
0
0
Absolutely not. I made it

Absolutely not. I made it clear twice that he is criminally liable for falsifying the documents. Illegal immigrants are criminals as well.

Willow Bailey
20580
Points
Willow Bailey 06/06/12 - 06:20 pm
0
0
Just checking.

Just checking.

hotwidow65
2
Points
hotwidow65 06/09/12 - 06:40 am
0
0
His Family

My heart goes out to his family especially the two little children he leaves in pain. His Mom is turning in her grave Robert was her first born and she was a great Mom. It's sad when you try so hard to instill in your children the right things to do and they turn out like this.

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