Long Island Woman

Long Island Woman and Real Estate Fraud A Long Island woman who allegedly conducted real estate transactions out of a Woodside office, turns out she did not have a license. She has since been arrested and will be brought up on charges for taking money from 3 real estate investors for around $600,000. It has since been found out that she has used this money to pay personal bills, authorities said. Sayeda Moin, 44, of 32 Myles Ave. in Levittown, was arraigned Wednesday night before Queens Criminal Court Judge Alex Zigman, charged with grand larceny in the second and third degree, as well as second-degree forgery, second-degree criminal possession of a forged instrument, first-degree falsifying of business records and first-degree scheme to defraud. Her bail was set at $50,000.If convicted, the woman, who authorities say is also known as Sayeda Sufia Akhter, faces up to 15 years in prison."Instead of helping her victims to achieve the American dream of owning their own homes, she allegedly plunged them into a financial nightmare by defrauding them of large sums of money, and in one case, a house worth more than a half a million dollars which she surreptitiously purchased for $10," said Queens District Attorney Richard Brown in a prepared statement.Moin could not be reached for comment.According to Brown, Moin defrauded her victims while operating out of an office at 42-20 53rd Rd. in Woodside. One victim allegedly made a $10,000 deposit for a home in Hempstead. The man also paid $5,000 for "legal fees," but the deal never closed.Another victim allegedly made payments of $15,000 and $20,000 towards the purchase of a home in Woodside. That deal apaprently also never closed.Moin helped a third victim purchase a home in Levittown for $520,000 in November 2005, the complaint against her alleges. Authorities said Moin then surreptitiously converted the title to the house to herself in a transaction for which she paid the victim just $10.