Real estate schemer charged with $1.1 million in bankruptcy fraud | USAO-EDMI
DETROIT – A real estate investor, who was previously charged in a $600,000 wire fraud scheme, has now been charged with multiple counts of fraudulent bankruptcy totaling more than $1.1 million, the company announced today. American lawyer Dawn N. Ison.
Ison was joined in the announcement by James A. Tarasca, special agent in charge of the Detroit field office of the Federal Bureau of Investigation.
Sean Phillip Tissue, 37, of Social Circle, Georgia, and formerly of Rochester, Michigan, is charged in an indictment with multiple counts of concealing assets, perjuring oaths, making false statements, withholding registered information and a fraudulent bankruptcy plan. Tissue is the owner of numerous businesses including Greystone Home Builders, Sycamore Homes, Sycamore Construction, Lenovo Homes and Metro Detroit Home Solutions. On August 4, 2022, Tissue was previously charged in connection with a criminal complaint for a wire fraud scheme by which Tissue defrauded Israeli investors of over $600,000 in fraudulent real estate investments.
“This defendant used a number of seemingly legitimate businesses, sophisticated methods and lies to defraud potential real estate investors, many of them outside the United States. He then filed a fraudulent bankruptcy in an attempt to avoid repay its victims, said U.S. Attorney Dawn N. Ison, “Today’s charges demonstrate our commitment to ensuring the integrity of our bankruptcy system.”
“Investigating and prosecuting people who repeatedly make false statements to government agencies helps ensure the integrity of government processes,” said James A. Tarasca, special agent in charge of the FBI’s Detroit field office. “This investigation sends a message that those who commit fraud by seeking government assistance will be held accountable by the FBI and our law enforcement partners.”
Tissue faces the following maximum legal penalties: 5 years in prison, a $250,000 fine and up to 3 years probation. A federal district court judge will determine any sentence after considering US sentencing guidelines and other statutory factors.
An indictment is only a formal document of indictment and does not constitute proof of guilt. A defendant has the right to a fair trial in which the onus will be on the government to prove his guilt beyond a reasonable doubt.
This case is being investigated by the Federal Bureau of Investigation. The United States Attorney’s Office and the Federal Bureau of Investigation would like to acknowledge and thank the United States Office of the Trustee for its assistance. Assistant U.S. Attorney Craig Weier and Special Assistant U.S. Attorney Richard Roble are pursuing the case.