California Real Estate Fraud Report

This report spotlights real estate professionals and businesses lacking the ethics and conscience to treat their fellow humans in a fair, honest and upstanding manner. It is a clearinghouse for real estate fraud, mortgage fraud, loan fraud and appraisal fraud occurring in California, especially Los Angeles and Southern California. - Monique Bryher

05
Aug

Countrywide Analyst Arrested for Stealing Customer Database

Countrywide Home Loans has new troubles, as a senior financial analyst was arrested by the FBI and charged with downloading and selling customer data to an unauthorized party.

Rene L. Rebollo Jr., 36, a Pasadena resident, was arrested at his home and Wahid Siddiqi, 25, of Thousand Oaks was also arrested by both the FBI and the Simi Valley Police Department for having purchased the stolen customer files.

In a page from the book “How to Steal from Your Employer and Assure Getting Caught”, although Rebollos worked Monday through Friday, he would go to Countrywide offices and access the databases for about an hour on Sundays.

Read the Full Article in the Ventura County Star by Jenni Mintz.

This entry was posted on Tuesday, August 5th, 2008 at 7:34 pm and is filed under Other R.E. Crimes. Responses are currently closed, but you can trackback from your own site.

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud and appraisal fraud occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.