Florida Man Pleads Guilty To Nationwide Mortgage Audit Scheme

Brian Roy Lozito, 53, Orange Park, Fla., has pleaded guilty to conspiracy to commit wire fraud for a mortgage audit scheme. Lozito faces a maximum penalty of 20 years in federal prison and payment of restitution to the victims he defrauded. 

According to the U.S. Attorney's Office, Middle District of Florida, Lozito owned and managed American Investigative Services (AIS). AIS purported to offer consumers mortgage auditing services in exchange for a fee. 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.

The U.S. Attorney’s office said Lozito promised if AIS could not help the consumer, the fees would be refunded. In reality, AIS did not perform the services paid for by consumers and did not refund money to consumers.

Instead, Lozito pocketed the fees. He worked his scam across the country through mailings and telephone calls. Lozito used the funds to keep AIS operating and for personal expenses.

Lozito 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. A sentencing date has not yet been set.