Hayden O’Byrne United States Attorney for the Southern District of Florida | The Florida Bar
A Miami resident has admitted guilt in a case involving fraudulent acquisition of multiple home equity lines of credit (HELOCs) using a single property as collateral. Alfred Lenoris Davis, 51, executed this scheme in June and July 2023 by submitting misleading information to financial institutions for HELOC applications.
Davis provided false tax returns and misrepresented his property's lien status despite having existing or pending HELOCs secured by the same asset. This deception led various lenders to approve approximately $1,257,500 in credit under false pretenses. The funds obtained through these loans were used for personal expenses among other purposes.
On May 5, Davis pleaded guilty to three counts of wire fraud and two counts of money laundering. His sentencing is set for July 24 in Miami, where he could face up to 20 years in prison for each wire fraud count and up to 10 years for each money laundering count.
The announcement was made by U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and acting Special Agent in Charge Brett Skiles from the FBI's Miami Field Office.
The investigation was conducted by FBI Miami, with Assistant U.S. Attorney Jonathan Bailyn prosecuting the case and Assistant U.S. Attorney Sarah Klco handling asset forfeiture matters.
For more details on court documents related to this case, visit the District Court for the Southern District of Florida's website or access their PACER system under case number 24-cr-20456.
