STATE POLICE FINANCIAL CRIMES UNIT ARRESTS TWO MASSACHUSETTS MEN FOR OBTAINING PROPERTY VALUED AT $380,000 UNDER FALSE PRETENSES
Colonel Steven G. O’Donnell, Superintendent, of the Rhode Island State Police and Commissioner of Public Safety, announces the arrest of two Massachusetts men for allegedly obtaining property valued at $380,000 under false pretenses.
The arrests of John J. Jeannetti, age 52, of 18 Elkway, Norwood, Massachusetts, and Glen Conlon, age 35, of 15 Milton Lane, Foxborough, Massachusetts were the result of an investigation by the Rhode Island State Police Financial Crimes Unit. The investigation was based on a complaint from a Little Compton resident who alleged that Conlon and Jeannetti convinced her to transfer ownership of her Little Compton home to them to avoid foreclosure on a $15,547.94 loan. At the time of the transfer the victim’s home was assessed for $380,000.
The investigation by the Financial Crimes Unit revealed that in 2008 the victim contacted Omega Mortgage, located in Sudbury, Massachusetts, looking for assistance in obtaining a loan to stop a pending foreclosure. Jeannetti responded on behalf of Omega, gained the victim’s trust and convinced her that the only way he could save her home from foreclosure was to transfer the deed on the property to Conlon. Jeannetti told the victim she would continue to live in her home, pay rent to Conlon until she repaired her credit rating and then obtain a loan to repay Conlon. After the deed was transferred to Conlon, he and Jeannetti refinanced the property three times without the victim’s knowledge and received $97,185 from the loans.
Members of the Financial Crimes Unit obtained an arrest warrant for John J. Jeannetti for allegedly Obtaining Property Over $1,500 Under False Pretenses and Conspiracy; and an arrest warrant for Glen Conlon for allegedly Obtaining Property Over $1,500 Under False Pretenses, Conspiracy, and Providing a False Document to Obtain a Loan.
On January 15, 2014, members of the Massachusetts State Police Fugitive Apprehension Section and the Rhode Island State Police Financial Crimes Unit arrested John J. Jeannetti and Glen Conlon at their residences in Massachusetts as fugitives from the State of Rhode Island. Jeannetti waived extradition in Dedham District Court. Conlon waived extradition in Wrentham District Court.
Jeannetti and Conlon were arraigned in Second Division District Court in Newport before the Honorable Associate Judge Colleen M. Hastings who set bail at $5,000.00 personal recognizance. They are scheduled to appear in Second Division District Court on February 27, 2014 for a pre-trial conference.