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Man Arrested in Lynbrook Mortgage Scam

Police said that a Brooklyn man operated a fake loan company out of Lynbrook and stole thousands from a victim.

A Brooklyn man has been arrested for operating a loan-modification company that allegedly stole $11,000 from a Lynbrook woman.

Nassau's Crimes Against Property Squad arrested Ryan Visda, 30, of 2629 E. 29 Road, and charged him with grand larceny 3rd degree, possession of a forged instrument 2nd degree and falsifying business records.

Police said that Visda operated a loan company known as National Recovery Processing, and claimed to modify the victims existing home loan, but never submitted any paper work to any legitimate banking agency pertaining to the mortgage.

Visda then continued to collect checks from the victim and deposit them in his personal business account, police said.

Police said anyone who thinks they might be a victim of National Recovery Processing should contact the Crimes Against Property Squad.

Visda was arraigned at First District Court in Hempstead on Sunday.

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