RI Police Arrest Former Foxboro HS Baseball Coach After Alleged Housing Scheme
State police allege that John J. Jeannetti, 52, of Norwood, and Glen Conlon, 35, of Foxboro obtained a home in Little Compton, RI valued at $380,000 by convincing the homeowner to transfer ownership of the home to them in order to avoid foreclosure on a loan according to the Providence Journal.
Both men were charged with obtaining property over $1,500 under false pretenses and conspiracy and Conlon was also charged with providing a false document to obtain a loan.
Conlon served as the Foxboro High School varsity baseball coach as recently as 2010 and was also an assistant basketball coach in the past.
According to the state police, the Financial Crimes Unit discovered in 2008 that the homeowner contacted Omega Mortgage in Sudbury to obtain a loan to save her house from foreclosure. Jeannetti, speaking on behalf of Omega Mortgage told the homeowner that the only way to save the house was to transfer the deed to Conlon.
After the deed was transferred, the two men allegedly refinanced the property three times without the homeowner's knowledge and obtained nearly $100,000 from the loans.
On Jan. 15, the two men appeared in Second District Court in Newport. Bail was set at $5,000.00 personal recognizance. The two men are scheduled to appear in Second District Court on February 27, 2014, for a pre-trial conference.