Leah B. Foley United States Attorney for the District of Massachusetts | Department of Justice
A Longmeadow woman has pleaded guilty in federal court to participating in a scheme that defrauded commercial lenders of more than $20 million. Jeannette Norman, 57, admitted on September 19, 2025, to one count of conspiracy to commit wire fraud and two counts of wire fraud before U.S. District Court Judge Mark G. Mastroianni in Springfield, Massachusetts. Her sentencing is set for January 22, 2026.
Norman was indicted alongside her husband and business partner, Louis R. Masaschi, by a federal grand jury in May 2025. Masaschi had previously pleaded guilty in April 2025. Christine Gendron, Norman’s sister and the financial manager for their companies, also pleaded guilty in June 2025 to one count of conspiracy to commit wire fraud.
According to court documents, Norman and Masaschi managed multiple limited liability companies—including JLL Realty Developers, LLC (JLLRD)—which owned commercial and residential properties across Western Massachusetts, Connecticut, and other locations. The group provided false rent rolls and forged lease agreements to secure loans from banks and other lenders between May 2016 and May 2019. After receiving the funds, their companies either made few or no payments before defaulting on the loans.
Prosecutors say the scheme involved $62 million in fraudulent loans and resulted in losses exceeding $20 million for financial institutions.
“The charge of conspiracy to committed wire fraud provides for a sentence of up to five years in prison, three years of supervised release and a fine of up to $250,000 or twice the gross gain or loss,” according to the U.S. Attorney’s Office. “The charges of wire fraud each provide for a sentence of up to 30 years in prison, three years of supervised release and a fine of up to $1 million or twice the gross gain or loss.”
United States Attorney Leah B. Foley stated: “United States Attorney Leah B. Foley and Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today.” Assistant U.S. Attorneys Steven H. Breslow and Caroline Merck are handling the prosecution.
