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

22
Aug

Famous Russian Composer Sues for Mortgage Fraud

Russian composer Vladimir Shainskiy, who was honored with the USSR State Prize in 1981, is enbroiled in a swindle by an Armenian woman and her husband, who managed to take control of his finances and leave him liable for $1.2 million in mortgage debt in 2007. Shainskiy, 82, alleges he was taken advantage of because of his age and his limited English skills.

Shainskiy and his wife have settled their lawsuit against severl real estate and mortgage professionals and their affiliates, claiming fraud, elder abuse, and “unconscionable” lending and real estate practices.

Read the Full Article in The Voice of San Diego by Kelly Bennett.

This entry was posted on Friday, August 22nd, 2008 at 8:20 am and is filed under Elder Fraud, Loan Fraud, Mortgage Fraud, Real Estate Fraud. Responses are currently closed, but you can trackback from your own site.

« 3 Charged in Elder Abuse in Monterey County
FBI Predicted Mortgage Crisis . . . and Did Nothing »

Comments are closed.

© Copyright 2007-2008 Monique Bryher

Legal Disclaimer.

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.