California Real Estate Fraud Report

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03
Jun

46 years in prison for San Diego real estate fraud ringleader

A San Diego judge sentenced a man who was convicted by a jury of 160 felony charges that included breaking the mortgage foreclosure consultant law, conspiracy, grand theft and rent skimming to a stunning 46 years in prison for ripping off his victims for more than $2 million.

William Jeffrey Hutchings, 63, who represented himself, had defended himself by stating he had started his business to “help” his victims, who, according to Deputy District Attorneys Stephen Robinson and William La Fond, numbered between 400-500. Hutchings and his co-defendants had marketed their ability to save the homes of defaulting homeowners through a land grant program in which the borrowers could either a a fee of $10,000 to place their property in a land grant or transfer their property to Hutchings, et. al. and then rent it back.  Almost every one of Hutchings’ clients lost their homes to foreclosure subsequently.

In a smart move, the San Diego District Attorney’s Office froze the assets of the defendants and was thereby able to offer some restitution to the victims.

Read the full article in the San Diego Union Tribune. San Diego District Attorney Bonnie Dumanis and San Diego County Sheriff Bill Gore were also interviewed by the San Diego Business Journal about foreclosure fraud and other real estate crimes in an article published May 31.

© Copyright 2007-2017 Monique Bryher

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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, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes 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.

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