Three Plead Guilty in Ventura to Massive Mortgage Fraud
A Century 21 real estate agent has pleaded guilty to felony bank fraud along with two accomplices in a mortgage fraud scheme that the U.S. Justice Department characterized as “Operation Stolen Dreams.”...
View ArticleHigh-Profile Mira Mesa Agent Accused of Mortgage Fraud
A long-time Mira Mesa real estate agent, his wife and seven of their associates have been charged in a 12-page indictment alleging mortgage fraud in which lenders lost up to $15 million. The charges...
View ArticleTwo Women Charged in Orange County with Real Estate Fraud against Vietnamese...
This is “Affinity Fraud Week” at the California Real Estate Fraud Report. By that, I mean that in the past week, almost all of the news that I have reported has been where the alleged perpetrator(s)...
View ArticleWoman Who Ran Foreclosure Rescue Scam Ordered to Pay Restitution
A Gonzalez-area woman who admitted operating a Ponzi scheme has been sentenced to three years in prison, but the sentence was stayed by the judge if she completes restitution. Maria Ponce was sentenced...
View ArticleLatinos Charged in Ripping Off Latinos in Real Estate Fraud Ponzi Scheme
Two men have been charged with running a$1.3 million real estate fraud Ponzi scheme that targeted Latino investors, in what appears to be a case of affiinity fraud (ethnic fraud), since the defendants...
View ArticleCalifornia DRE Revokes Record Number of Real Estate Licenses for FY 2011-2012
The fall in real estate markets has not only cost property owners their equity and many times the loss of their homes, it’s also been a magnet for scammers. Some are licensed real estate agents; others...
View ArticleCalifornia AG Arrests 2 in Los Angeles for Mortgage Fraud
The Office of California Attorney General Kamala D. Harris sent out a press release today announcing it has arrested and charged two persons with 41 felonies, including grand theft, burglary, unlawful...
View ArticleSan Francisco Man Sentenced to 12 Years for Mortgage Fraud
Sergio Gutierrez, a 49-year-old San Francisco businessman, has been setenced by U.S. District Judge Jeffrey White to 12 years in federal prison for a mortgage fraud scam that targeted Spanish-speaking...
View ArticleLatino Real Estate Agent Pleads Guilty to Scamming Latino Homeowners
A San Jose man who targeted the Spanish-speaking homeowners with a refinancing scam (affinity fraud) has pleaded guilty to accepting advance fees for loan modifications and performing unlicensed real...
View ArticleSanta Paula Man Indicted in Mortgage Fraud That Allegedly Targeted Latino...
An investigation into a mortgage fraud conspiracy that is alleged to have targeted both Spanish-speaking persons (affinity fraud, ethnic fraud) and lenders has resulted in the arrest of eight people by...
View ArticleRoseville residents plead guilty in loan modification scheme targeting Hispanics
Two Roseville residents each face 20 years in federal prison and up to $250,000 for operating a loan modification scam that primarily targeted distressed Hispanic homeowners (affinity fraud, ethnic...
View ArticleTwo Women Charged in Orange County with Real Estate Fraud against Vietnamese...
This is “Affinity Fraud Week” at the California Real Estate Fraud Report. By that, I mean that in the past week, almost all of the news that I have reported has been where the alleged perpetrator(s)...
View ArticleWoman Who Ran Foreclosure Rescue Scam Ordered to Pay Restitution
A Gonzalez-area woman who admitted operating a Ponzi scheme has been sentenced to three years in prison, but the sentence was stayed by the judge if she completes restitution. Maria Ponce was sentenced...
View ArticleLatinos Charged in Ripping Off Latinos in Real Estate Fraud Ponzi Scheme
Two men have been charged with running a$1.3 million real estate fraud Ponzi scheme that targeted Latino investors, in what appears to be a case of affiinity fraud (ethnic fraud), since the defendants...
View ArticleCalifornia DRE Revokes Record Number of Real Estate Licenses for FY 2011-2012
The fall in real estate markets has not only cost property owners their equity and many times the loss of their homes, it’s also been a magnet for scammers. Some are licensed real estate agents; others...
View ArticleCalifornia AG Arrests 2 in Los Angeles for Mortgage Fraud
The Office of California Attorney General Kamala D. Harris sent out a press release today announcing it has arrested and charged two persons with 41 felonies, including grand theft, burglary, unlawful...
View ArticleSan Francisco Man Sentenced to 12 Years for Mortgage Fraud
Sergio Gutierrez, a 49-year-old San Francisco businessman, has been setenced by U.S. District Judge Jeffrey White to 12 years in federal prison for a mortgage fraud scam that targeted Spanish-speaking...
View ArticleLatino Real Estate Agent Pleads Guilty to Scamming Latino Homeowners
A San Jose man who targeted the Spanish-speaking homeowners with a refinancing scam (affinity fraud) has pleaded guilty to accepting advance fees for loan modifications and performing unlicensed real...
View ArticleSanta Paula Man Indicted in Mortgage Fraud That Allegedly Targeted Latino...
An investigation into a mortgage fraud conspiracy that is alleged to have targeted both Spanish-speaking persons (affinity fraud, ethnic fraud) and lenders has resulted in the arrest of eight people by...
View ArticleRoseville residents plead guilty in loan modification scheme targeting Hispanics
Two Roseville residents each face 20 years in federal prison and up to $250,000 for operating a loan modification scam that primarily targeted distressed Hispanic homeowners (affinity fraud, ethnic...
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