U.S. District Judge Harvey Schlesinger sentenced Brian Roy Lozito, 54, of Orange Park, Fla., to two years and two months in federal prison for conspiracy to commit wire fraud through his purported mortgage auditing service company. As part of his sentence, the court ordered Lozito to pay restitution to the victims he defrauded and also entered an order of forfeiture in the amount of $164,193.84, the proceeds of the fraud.
Lozito pleaded guilty on July 28 and was arraigned on the indictment on Jan. 11, 2021, and initially released on bond. The court revoked his bond on Nov. 18, 2022, and subsequently ordered him detained.
According to court documents, Lozito owned and managed American Investigative Services (AIS). AIS purported to offer consumers mortgage auditing services in exchange for a fee. Lozito and his conspirators solicited customers nationwide through mailings and telephone calls. In these solicitations, Lozito and AIS employees, under the direction of Lozito, made false and fraudulent representations to consumers, including that AIS would perform “forensic audits” of mortgage documents to uncover evidence of deficiencies in the mortgage documents.
Lozito claimed AIS would obtain quitclaim deeds and other remedies so the mortgage holders would be relieved of their mortgage debt and own their properties free and clear. If AIS could not help the consumer, Lozito promised to refund their money. In reality, AIS did not perform the services paid for by consumers and did not refund any money. Funds collected from consumers went to bank accounts controlled by Lozito who then used the funds to keep AIS operating and for personal expenses.
This case was investigated by United States Secret Service - Jacksonville Field, the Consumer Protection Division of the Office of the Attorney General with valuable assistance from the Clay County Sheriff’s Office. It was prosecuted by Assistant U.S. Attorney Kevin Frein. The asset forfeiture was handled by Assistant U.S. Attorneys Mai Tran and Jennifer Harrington.