A real estate investor formerly from Rochester has pleaded guilty to federal fraud charges.
As announced by the United States Attorney’s Office – Eastern Division in Detroit, 37-year-old Sean Tissue, aka Sean Ryan, pleaded guilty Feb. 28 to wire fraud and bankruptcy fraud before U.S. District Judge Mark Goldsmith.
Tissue, of Social Circle, Georgia, owned numerous companies including The Centureon Companies LLC, Greystone Home Builders LLC, Lenovo Homes LLC, NROL Holdings LLC, Phillip Ryan LLC, Boardwalk Heights B2R LLC, and NROL Property and Investment LLC. In his plea, he admitted to stealing more than $3 million in a fraud scheme that officials said ran from 2015 through 2021.
According to court documents, Tissue or his agents provided fraudulent information to potential investors from Israel, India, South Africa and other countries to induce potential investments in real estate in Michigan, Texas and elsewhere. Money was sent to him through interstate or international wire transactions.
To continue reading the rest of the article, please click on the source link below: