A Massachusetts woman has admitted guilt in a federal court to defrauding commercial lenders by using false documents. Christine Gendron, aged 61, from Feeding Hills, pleaded guilty to conspiracy to commit bank fraud on June 13, 2025. Her sentencing is set for September 30, 2025, under U.S. District Court Judge Mark G. Mastroianni.
In a related case, Louis R. Masaschi pleaded guilty on April 22, 2025, to one count of conspiracy to commit wire fraud and two counts of wire fraud. His sentencing is scheduled for July 23, 2025.
Gendron worked as the Financial Manager for JLL Realty Developers, LLC (JLLRD), where her sister Jeanette Norman and brother-in-law Masaschi were partners. They allegedly owned various properties in Western Massachusetts and Connecticut through multiple limited liability companies.
The trio—Masaschi, Gendron, and allegedly Norman—were involved in providing false financial information to secure loans from financial institutions and a commercial lender. The fraudulent activities resulted in over $19 million in losses due to loan defaults.
Jeanette Norman has maintained her innocence and awaits trial in October 2025.
Conspiracy to commit bank fraud carries a potential sentence of up to 30 years in prison with five years of supervised release and a fine reaching $1 million or twice the gross gain or loss incurred. Sentencing decisions are made based on U.S. Sentencing Guidelines and relevant statutes.
The announcement was made by United States Attorney Leah B. Foley along with Ted E. Docks of the FBI’s Boston Division. Assistant U.S. Attorney Steven H. Breslow is prosecuting the case from the Springfield Branch Office.
It is important to note that charges detailed in charging documents are allegations until proven beyond reasonable doubt in court.
