A Longmeadow woman has pleaded guilty to participating in a scheme that defrauded commercial lenders by submitting false rent rolls and forged lease agreements for properties in Massachusetts and Connecticut.
Jeannette Norman, 57, entered her plea on September 19, 2025, in federal court in Springfield. She admitted to one count of conspiracy to commit wire fraud and two counts of wire fraud. Sentencing is scheduled for January 22, 2026, before U.S. District Court Judge Mark G. Mastroianni.
Norman was indicted alongside her husband, Louis R. Masaschi, by a federal grand jury in May 2025. Masaschi pleaded guilty in April 2025. Christine Gendron, Norman’s sister and another co-conspirator who served as the financial manager for JLL Realty Developers, LLC (JLLRD), also pleaded guilty to conspiracy to commit wire fraud in June 2025.
According to prosecutors, between May 2016 and May 2019, Masaschi, Norman and Gendron worked together through several limited liability companies—primarily JLLRD—to obtain fraudulent loans from banks and other commercial lenders. The trio submitted falsified financial documents regarding properties located in Springfield; East Longmeadow; and Enfield, Connecticut. After receiving the funds, their companies made some or no payments before defaulting on the loans.
The fraudulent activity involved more than $62 million in loans with losses totaling over $20 million.
“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,” according to the U.S. Attorney’s Office statement. “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.” Sentences will be determined based on federal guidelines.
The case is being prosecuted by Assistant U.S. Attorneys Steven H. Breslow and Caroline Merck from the Springfield Branch Office.
United States Attorney Leah B. Foley announced the plea along with Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation’s Boston Division.
