Hyper Local News Pages

Wednesday, June 29, 2005

06/29/05 - News Clips - Developer charged in bank fraud

Greenwich Time - Greenwich, Conn.
Author: Hoa Nguyen; Staff Writer

...Kissel allegedly would file a fraudulent document releasing him from a mortgage from one institution and then use that same property to seek a new loan from a different institution. One such property named in the complaint is 43 Burning Tree Road, where Kissel was building a nearly 8,000-square-foot residence....

...Kissel had agreed to invest in the horse riding and boarding facility on Riversville Road. According to the federal complaint, Kissel's $1 million investment came from a loan that was secured with the help of fraudulent mortgage release documents....

...Kissel's wife, Hayley Kissel, filed for divorce in March, according to [Philip Russell]. The couple also had taken in two children from his brother's marriage. Kissel's sister-in-law, Nancy Kissel, is on trial in Hong Kong for the murder of her husband, whom she allegedly fed a milkshake laced with sedatives before beating him to death, according to news reports...