TRENTON, N.J. — The owner of a purported loan modification consulting company has admitted he fraudulently billed clients more than $400,000 for services he never performed.
Federal prosecutors say Jeffrey Halpern pleaded guilty Tuesday to wire fraud. The 62-year-old Hewlett, New York man faces up to 20 years in prison when he’s sentenced Nov. 22.
Prosecutors say Halpern ran JCK Marketing from 2009-2016 and solicited business from people seeking home loan modifications on their mortgages.
Halpern said he would negotiate loan modifications for a fee. But prosecutors say he took their money while performing little or no actual services.
Halpern also repeatedly demanded money for “bank fees” from his victims, even though none of the financial institutions charged fees for loan modifications.
Halpern defrauded at least 26 victims out of more than $400,000.