- Associated Press - Monday, January 20, 2014

HARTFORD, Conn. (AP) - A former Wethersfield man is facing sentencing for operating a fraudulent debt elimination scheme.

Deowraj “Deo” Buddhu is scheduled to be sentenced Friday in federal court in Hartford. He was found guilty last year of multiple charges related to the scheme.

Authorities say the scheme defrauded numerous struggling homeowners.

Prosecutors say in exchange for substantial fees, the 71-year-old Buddhu told victims about a little-known government fund that could be used to pay off their mortgages and other debts but no such fund exists. They say his victims ended up in foreclosure after he advised them to stop paying their mortgages.

His attorney says he has life threatening health problems and sought a reduced sentence.

His daughter, Sunita Buddhu, was sentenced to 30 months in prison for selling fictitious financial instruments.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide