Strongsville Man to be Sentenced for Fraud

A Strongsville man convicted of buying houses with fraudulent loans is scheduled to be sentenced Tuesday.

Fred Loewinger will appear before Cuyahoga County Common Pleas Judge Timothy McCormick at 10 a.m., according to Cuyahoga County Prosecutor Bill Mason.

Loewinger, 62, of Strongsville, was the main defendant in a criminal enterprise that involved 20 houses purchased with fraudulent loans totaling $1.4 million. Loewinger orchestrated this criminal enterprise while he was a licensed loan officer and owner of Fast Mortgage and the owner of MJL Processing, Ltd. Inc.

He submitted the fraudulent loans to the lenders, arranged for bogus down payments, and then deposited kickback money into his companies’ accounts. The money was then distributed to co-defendants.

On Oct. 27, Loewinger pleaded guilty to one count of engaging in a pattern of corrupt activity, one count of money laundering, three counts of theft by deception and 20 counts of tampering with records.

He faces a maximum of 128 years in prison.

The Cuyahoga County Mortgage Fraud Task Force, which operates under the Ohio Attorney General’s Office and Ohio's Organized Crime Investigations Commission, conducted the investigation. The FBI was the lead investigative agency on this case.