Overview

• Jeannette Norman, 57, pleaded guilty on Sept. 19 in federal court in Springfield to one count of conspiracy to commit wire fraud and two counts of wire fraud.
• Prosecutors say Norman, Louis R. Masaschi and Christine Gendron used false rent rolls and forged leases to obtain loans tied to properties in Springfield, East Longmeadow and Enfield, Conn.
• The scheme involved $62,232,000 in loans and caused $20,099,295 in losses to financial institutions and commercial lenders.
• After receiving the loans, the companies made some or no payments and ultimately defaulted, according to charging documents.
• U.S. District Judge Mark G. Mastroianni set sentencing for Jan. 22, 2026, and the wire fraud counts carry statutory maximums of up to 30 years and fines up to $1 million or twice the gain or loss.