Woburn man takes defrauded elderly woman, causes her to lose her home

BOSTON, MA – A Woburn man was indicted yesterday in connection with a scheme to defraud an elderly relative of her interest in a three-family home.

Giorgio “George” Fiorenza, 50, was charged with one count of wire fraud and one count of aggravated identity theft. Fiorenza was previously charged by criminal complaint and arrested on Aug. 27, 2020.

The indictment alleges that between August and September 2017, Fiorenza defrauded the victim into unknowingly signing a deed conveying her interest in the property to his wife, and forged the victim’s name on a kinship affidavit concerning title to the property, both of which he caused to be recorded. Fiorenza then took out a $750,000 loan in his wife’s name and secured by the property, and subsequently caused the lender to foreclose on the property.

The charge of wire fraud provides a sentence of up to 20 years in prison, three years of supervised release and a fine of up to $250,000 or twice the gross gain or loss. The charge of aggravated identity theft provides a mandatory sentence of two years in prison, one year of supervised release and a fine of $250,000 or twice the gross gain or loss. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.

United States Attorney Andrew E. Lelling and Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Office made the announcement today. Assistant U.S. Attorney Kristen A. Kearney of Lelling’s Securities, Financial & Cyber Fraud Unit is prosecuting the case.

The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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