Developer, Family Indicted in Monmouth-Ocean Mortgage Scheme

Twelve-count indictment alleges fraud in Toms River, Lakehurst, Howell and Wall, among other towns

A Wall Township developer and several of his family members have been indicted in connection with an alleged mortgage fraud scheme.

Christopher Colatrella, 40; John T. Colatrella, 49; Alexis Colatrella, 27; Vincent Veritas, 24, all of Wall; Delores Cittadino, 79, of Long Branch; Martin D'Amato, 27, of Colonia, and Clara Carr, of Bayonne, all were named in a 12-count indictment handed up by an Ocean County grand jury in Toms River.

Christopher Colatrella owns CMC Holdings LLC; John T. Colatrella, his brother, owns Colatrella Properties; Alexis Colatrella, John's daughter, is a former employee of Mortgage Line Financial Services, as is D'Amato. Veritas is John Colatrella's stepson, and Cittadino is John's mother-in-law. Carr's relationship to the others is unknown.

The group, except for Carr, was arrested in August in what the Ocean County Prosecutor's Office labeled "Operation Family Affair." According to information released at the time, the group bilked more than $2 million through a real estate deal flipping scheme.

According to the indictment, the fraud took place between May 25, 2007 and July 11, 2008 in Lakewood, Lakehurst, Toms River, Howell, Matawan and Wall.

Christopher Colatrella was indicted on two counts of first-degree financial facilitation of criminal activity, two counts of first-degree conspiracy to commit financial facilitation of criminal activity, and a count of second-degree conspiracy to commit theft by deception. The indictment alleges he directed the property transactions in an amount exceeding $500,000 and engaged others in the criminal activity.

Alexis Colatrella was indicted on two counts of first-degree financial facilitation, two counts of first-degree conspiracy to commit financial facilitation, three counts of theft by deception, and a count of second-degree conspiracy to commit theft by deception. The indictment alleges she falsified mortgage applications to Lehman Brothers Bank, JP Morgan Chase Bank and Washington Mutual Bank, each in excess of $75,000.

John Colatrella was indicted on two counts of first-degree conspiracy to commit financial facilitation of criminal activity and a count of second-degree conspiracy to commit theft by deception.

D'Amato was indicted on a count of theft by deception for allegedly falsifying a mortgage application to Bank of America, and conspiracy to commit theft by deception.

Carr was indicted on a count of theft by deception, for allegedly falsifying a mortgage application to American Partners Bank, and conspiracy to commit theft by deception.

Cittadino and Veritas each were indicted on a single count of conspiracy to commit theft by deception.

Ocean County Prosecutor Marlene Lynch Ford said the arrests were the result of a yearlong investigation into the group's activities.

Christopher Colatrella, John Colatrella and Alexis Colatrella were released from the Ocean County Jail, Toms River, on $500,000 bail, no 10 percent, each, on Aug. 23 and all were required to surrender their passports. D'Amato was released on $100,000 bail, no 10 percent, on Aug. 23 and required to surrender his passport.

Bail information on Carr, Cittadino and Veritas was not immediately available.

Old Enough September 20, 2012 at 04:38 AM
Wow, I guess you could be a counter character witness after Michelle and Annabell take the stand. LOL.. The comments are funny in this link.. LOL Either way innocent until proven guilty if our Constitution is still legal when this trial kicks off. Once you are notified of your charges, the Fifth Amendment of the Constitution protects you from self-incrimination, which allows you to refuse to testify during your trial. You may also confront any witnesses who are testifying against you and collect your own witnesses and evidence. Your rights also protect you from unreasonable search and seizure-meaning the government must have a search warrant in order to search your private property. If evidence was collected illegally, it cannot be used against you in court. Finally, you have the right to be tried by a jury of your peers if you desire. Individuals who are charged with serious crimes also must be indicted by a grand jury before their case goes before the court. Because you are innocent until proven guilty, the prosecution must prove your guilt beyond a reasonable doubt. In other words, once all of the evidence against you is considered, no reasonable person should be able to question your guilt-otherwise, you cannot be found guilty. You also cannot be charged with the same crime twice.
Colonia Resident September 28, 2012 at 11:50 AM
John has priors so I am sure he will get some time. Chris graduated Law School so he may have a trick or two up his sleeve. I am appalled that John got his daughter and 79 year old mother in law involved in such a scam. That's just so selfish. I don't know how some of these idiots could defend them just because they were never on the losing side of the table when it came to dealing with this family. WAKE UP YOU'RE LIVING IN A BUBBLE. Indictments aren't just handed down because someone has a small amount of credible evidence. It's because the state feels they have enough evidence to go to trial and win the case. These people have stolen from all of us tax payers because it is our dollars that will be used to find them guilty and our dollars that will facilitate and feed them for a couple years in prison. I am a Colonia resident and have known this family for a long time and this whole debacle doesn't surprise me at all. The reason people are using screen names and fake names to hide their identity on this patch is most likely because they know members of this family and know they would take revenge. They'll have their day in court.
Long Branch Resident October 03, 2012 at 05:59 PM
Grand jury indicts 16 in scheme According to a press release from the Monmouth County Prosecutor's Office, Daryl M. Colatrella, 33, of Wall Township; John H. Gebala, 48, of Toms River; John M. Catania, 39, formerly of Marlboro; Jennifer Gilarmo, 53, of Fort Lee; Jeffrey D. Rankin, 36, of Freehold; Luigi Carulli, 31, of North Plainfield; Tanya Banks, 40 of Roselle; Greg Matarazzo, 49, of Wall Township; Mounir M. Guiruis, 41 of Edison; John T. Colatrella, 43, of Wall Township; Frank DiComo, 41, of Woodbridge; Anthony Brennan, 48, of Elizabeth; and Michael A. Calabrese, 56, of Toms River, were all indicted for second degree conspiracy and theft by deception. IT''S. ALL THE COLATRELLA'S Not one good thing about this family
Long Branch Resident October 05, 2012 at 10:23 AM
Indle King January 06, 2014 at 05:53 PM
wheres the daryl the retard? in prison still


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