California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud.

21
Feb

Four San Diego Residents Convicted in Loan Fraud

Four residents from the North County area who admitted their roles in a $55 million mortgage fraud conspiracy have received prison sentences.  The four admitted lying and/or providing false documents to lenders in order to receive home loans.

A total of 19 people have been named in the 51-count indictment, according to the U.S. attorney’s office in San Diego.

U.S. District Judge Jeffrey T. Miller handed down sentences as follows:  Jonathan J. Garcia, who worked at  Giron’s Financial Realty Group in Oceanside received 18 months behind bars; Laneka Chatton, also from Giron’s, received 12 months; Ivan Gil, who worked at Dream Homes and Loans in Vista received 12 months; and Maria Echeverria, who owned AmStar Funding, a mortgage company in Vista, received a sentence of 12 months and one day in prison.

Read the original article in the North County Times and the San Diego Union Tribune.

© Copyright 2007-2017 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, 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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.

BLOG POWERED BY SHARP BIZ IMAGE

Copy Protected by Chetan's WP-Copyprotect.