A Massachusetts woman, Christine Gendron, has admitted to her role in a $19 million bank fraud conspiracy. On June 13, 2025, she pleaded guilty in federal court in Springfield to one count of conspiracy to commit bank fraud. U.S. District Court Judge Mark G. Mastroianni set her sentencing for September 30, 2025.
Gendron worked as the Financial Manager for JLL Realty Developers, LLC (JLLRD), where her sister Jeanette Norman and brother-in-law Louis R. Masaschi were partners. The scheme involved providing false rent rolls and forged lease agreements to secure loans for properties located in Springfield and East Longmeadow, Massachusetts, as well as Enfield, Connecticut.
Masaschi had previously pleaded guilty on April 22, 2025, to related charges of conspiracy to commit wire fraud and two counts of wire fraud. His sentencing is scheduled for July 23, 2025.
The fraudulent activities resulted in substantial financial losses exceeding $19 million for various lenders after the companies defaulted on the loans.
Jeanette Norman has pleaded not guilty and awaits trial in October 2025.
U.S. Attorney Leah B. Foley and FBI Special Agent Ted E. Docks announced the plea agreement with Assistant U.S. Attorney Steven H. Breslow prosecuting the case.
According to federal guidelines, the charge carries a potential sentence of up to 30 years imprisonment along with fines and supervised release conditions.
The details provided are based on allegations within charging documents; any remaining defendants are presumed innocent until proven guilty beyond a reasonable doubt.
