Plymouth Meeting Man Gets 33 Months Jail Time for Real Estate Fraud
Ordered to pay $747,000 in restitution.
A Plymouth Meeting man was sentenced to 33 months behind bars last week, after federal investigators say he defrauded a Chester County bank and four individuals for various real estate loans and investments. Kelly DeFeo, 43, of the 200 block of Donna Drive, Plymouth Meeting, was found guilty of charges involving conspiracy, false statements, and mail fraud by a jury in the U.S. District Court of Eastern Pennsylvania last spring. He was sentenced last Wednesday by judge Norma Shapiro to 33 months in prison, followed by five years of supervised release, and was ordered to pay $747,000 in restitution to his victims. According to a release from the Internal Revenue Service's Philadelphia Field Office, DeFeo was a general contractor and real …
