By Emma Murphy | January 31, 2020
LOWELL — A Lowell real-estate broker has been found guilty of larceny and embezzlement from Cambodian-American homeowners.
On Wednesday, a Middlesex Superior Court jury convicted Kevin Taing, 53, of Lowell of six counts of larceny by false pretenses and five counts of larceny by embezzlement, according to a press release from the Massachusetts Attorney General Maura Healey’s office.
Taing was charged in connection with a scheme to steal over $580,000 by targeting homeowners in Lowell, Lynn, Lawrence, Attleboro and Chicopee, the release said.
Taing was a licensed real -estate broker and principal of Eastern Funding & Investment, Inc.
According to the AG’s office, Taing, who speaks Khmer, persuaded 10 homeowners facing foreclosure to send the payments to him instead of their mortgage holders in order to reduce their monthly payments and stay in their homes. Taing sent mortgage statements to the homeowners but never forwarded their payments to the mortgage loan holders.
As The Sun previously reported, prosecutors said Taing used the money to pay personal expenses, credit-card bills, restaurant and shopping expenses, and to care for a property he owns in California.
Tain was originally indicted in November 2016 following an investigation by the AG’s office that began in late 2014. A referral from a nonprofit legal-services agency prompted the office’s investigation, according to the release.
Taing will be sentenced in Middlesex Superior Court on Feb. 14 by Judge Kenneth Fishman.
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