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4 Men Charged In Scheme To Defraud Banks

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By ELAINE SILVESTRINI

The Tampa Tribune

Published: July 29, 2008

TAMPA - Three businessmen and a Sarasota lawyer have been charged with participating in an $82.8 million mortgage loan scheme that defrauded seven banks, the U.S. Attorney's Office said Monday.

The lawyer, John A. Yanchek, 48, was arrested Monday. Two other defendants are expected to surrender today: Larry P. Nardelli, 49, of Tampa, a businessman associated with Elba International and other companies; and Michael A. Tringali, 46, of Sarasota, owner and principal officer of G&T Land Development, which purchased and developed commercial real estate, primarily in Sarasota and Manatee counties.

Investigators are still looking for the fourth defendant, Neil Mohamed Husani, 38, formerly of Sarasota and owner and principal officer of Capital Force Inc., which bought and sold commercial real estate in Sarasota and Manatee counties.

According to a 44-page indictment handed up Thursday and unsealed Monday morning, between May 2004 and June 2006, the four defrauded Orion Bank, Mercantile Bank, Bank Atlantic, Coast Bank, Fifth/Third Bank, Wachovia Bank and First State Bank.

The indictment said the defendants agreed to purchase commercial real estate properties, intending to simultaneously resell the properties to other conspirators at a substantially higher price.

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