Fugitive Weston Real Estate Developer Indicted on Wire Fraud Charges
Paul McMann secured more than $450,000 in loans using fraudulent bank documents.
A Weston real estate developer has been charged with three counts of wire fraud after an indictment was unsealed in federal court in Boston on Friday, Aug. 5, officials said. Between October and November 2008, Paul John McMann, 52, and his company, Commonwealth Albanian Hydro Ventures, Inc. (CAHV), bought fraudulent bank documents and used them to obtain money from individuals in the Boston area, according to a press release from the U.S. Dept. of Justice. McMann used the fraudulent bank documents, including “Proof of Funds” letters on Bank of America and Wachovia Bank letterhead, to show he and his company had large sums of money, the press release said. Using the documents, McMann secured at least $450,000 in loans, and convinced a …
