Nahant man jailed on attempted extortion charges faces fraud charges in sale of home

A Nahant man indicted in April for attempted extortion is facing new charges along with his romantic partner related to the fraudulent sale of a home, prosecutors said.

Gary P. DeCicco, 59, and Pamela M. Avedisian, 54, are charged with wire fraud and conspiracy to commit wire fraud in the new case, according to US Attorney Andrew E. Lelling’s office. Their indictment was unsealed Friday. The arraignment is slated for Tuesday.

Lelling’s office said in a statement that Avedisian owned a Nahant property with a mortgage in excess of $1 million. She and DeCicco allegedly plotted to defraud the bank holding the mortgage in October 2015 by proposing that she sell the property to him for less than the outstanding debt, in what’s commonly known as a “short sale,” the release said.


“In order to get approval for the sale, DeCicco and Avedisian concealed their long-term romantic and business relationships from the loan servicing company and falsely represented that Avedisian could no longer make payments towards the mortgage on the property,” the statement said. “In fact, just two months before the ‘short sale’ closed, Avedisian purportedly received $3.5 million from the sale of another asset to DeCicco.”

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DeCicco has been in jail since his arrest last March on charges of hiring a convicted felon to assault the owner of a Route 1 car dealership in an attempt to extort ownership of the business.

That case is pending.

He was also associated with a questionable land swap in Everett that nearly derailed the $2.1 billion Wynn casino project there.

DeCicco also stands accused of more crimes in Peabody.


“The indictment also alleges that from November 2015 to September 2016, DeCicco and a co-conspirator falsified rent rolls and prepared fake leases, which they then provided to financial institutions in support of their applications for a $5.5 million loan secured by a commercial building in Peabody,” the statement said. “The indictment further alleges that between September 2016 and January 2017, DeCicco committed unlawful monetary transactions with the proceeds of the bank fraud scheme, and between February and December 2016, DeCicco engaged in a scheme to defraud multiple insurance companies using fake invoices and other documents to support his claims.”

DeCicco, along with another felon, Charles Lightbody, was a former owner of the land in Everett along the Mystic River, where the Wynn casino is now under construction, and his ownership stake almost spoiled the project.

DeCiccio and Lightbody’s names disappeared from official documents by the time Wynn expressed interest in the property in 2012. When the Globe reported that DeCicco and Lightbody had been connected to the parcel of land, the deal was nearly derailed. The state Gaming Commission said it would not have supported the Wynn casino if it had determined the project would benefit convicted felons. DeCicco claimed to have no ownership of the land at the time Wynn bought the property. Lightbody was acquitted last year of charges he tried to conceal his ownership stake.

DeCicco has also been convicted of fraud related to fire on a property he owned and has been called a suspect in other fires, though he has not been charged with arson. He also has had disputes with the government about a million dollars in unpaid taxes.

DeCicco, the Globe has reported, also had ties to Everett Mayor Carlo DeMaria, and had the mayor’s support when he sought approval for a controversial apartment building in Everett.

John R. Ellement and Milton J. Valencia of the Globe Staff contributed to this report. Travis Andersen can be reached at Follow him on Twitter @TAGlobe.