BROOKLYN REAL ESTATE DEVELOPER CHARGED IN $2 MILLION MORTGAGE FRAUD SCHEME

New York, NY – January 16, 2012 – (RealEstateRama) — Brooklyn-based real estate developer Schelton Assoumou was arrested today on charges of bank fraud and wire fraud for his participation in a multi-year mortgage fraud scheme. The defendant’s initial appearance is scheduled this afternoon before United States Magistrate Judge Robert M. Levy at the U.S. Courthouse, 225 Cadman Plaza East, Brooklyn, New York