A woman has who pleaded guilty to a scheme to defraud commercial lenders by providing false and fraudulent rent rolls and forged lease agreements for properties could face more than 30 years in prison, according to federal authorities.
The properties were in Springfield, and East Longmeadow, Mass.; and Enfield, Conn., according to federal authorities.
Jeannette Norman, 57, of Longmeadow, pleaded guilty in federal court in Springfield, Mass., on Sept. 19, to one count of conspiracy to committed wire fraud and two counts of wire fraud, according to federal authorities.
U.S. District Court Judge Mark G. Mastroianni scheduled sentencing for Jan. 22, 2026, authorities said.
Norman and her husband and co-defendant Louis R. Masaschi were indicted by a federal grand jury, and in April 2025, Masaschi, pleaded guilty, according to federal authorities. In June, Norman’s sister and other co-conspirator, Christine Gendron, pleaded guilty in a related case to one count of conspiracy to commit wire fraud, according to federal authorities.
Authorities said Masaschi and Norman “were partners in dozens of limited liability companies, including JLL Realty Developers, LLC,” through which “they owned primarily commercial and some residential property in Western Massachusetts, Connecticut and elsewhere.”
Gendron was a certified public accountant and JLLRD’s financial manager and between May 2016 and May 2019, “Masaschi, Norman and Gendron conspired with each other and others to fraudulently obtain loans for their companies from financial institutions and commercial lenders by providing materially false, fictitious and fraudulent financial information – including false rent rolls and forged lease agreements.” according to federal authorities.
The companies then made “some or no payments and ultimately defaulted on the loans, causing substantial losses to the financial institutions and commercial lenders. In total, the fraud scheme involved $62,232,000 in loans and caused a loss of $20,099,295.”
Authorities said the charge of conspiracy to committed wire fraud provides for a sentence of up to five years in prison, three years of supervised release and a fine of up to $250,000 or twice the gross gain or loss and the charges of wire fraud each provide for a sentence of up to 30 years in prison, three years of supervised release and a fine of up to $1 million or twice the gross gain or loss.
