realestate

Boston Water Commission and MBTA officials face allegations of real estate transfer fraud

Suit alleges fraudulent transfer of less than $100 from $1.1M Dorchester home.

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14-page civil complaint filed on behalf of Rodolphe St. Cloud alleges that Marie A. Theodat, a human resources director for the Boston Water and Sewer Commission (BWSC), exploited her position to defraud St. Cloud out of his $1.1 million home at 144 Fuller Street in Dorchester. According to the complaint, Theodat convinced St. Cloud, who does not speak or read English, that he was signing documents related to his healthcare when, in reality, she had him sign a quitclaim deed transferring ownership of the property to an LLC managed by herself and her relatives.

    The alleged fraud occurred on November 10, 2022, when Theodat induced St. Cloud to sign the deed for less than $100. The complaint states that Theodat then acquired a mortgage on the property from Boston Lending Trust worth $2 million, as well as a mortgage on a Newton property owned by her sister and brother-in-law.

    The lender, Boston Trust, has since moved to foreclose on the Fuller Street property and evict St. Cloud and his family. The complaint alleges that Boston Trust was aware of the fraudulent scheme and benefited from it, acquiring the property at a substantial discount from market value after foreclosing on it. The Suffolk District Attorney's office and state Attorney General's office are investigating the allegedly fraudulent transaction.

    St. Cloud is seeking to have him and his partner, Marthe J. Jeudi, restored as rightful owners of the Dorchester property "free and clear of all claims, mortgages, and encumbrances held by the Defendants."

Boston officials accused of real estate transfer fraud at MBTA properties.