California Real Estate Fraud Report

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04
Aug

Chico Developer Pleads Guilty in Appraisal Fraud, Loan Fraud Case

William E. Baker, owner of Baker & Baker Construction, has pleaded guilty in federal court to one count of mail fraud for his part in a multimillion dollar scheme to defraud banks (loan fraud, mortgage fraud).

Baker, 65, confessed to conspiring with Garret Griffith Gililland III, 30 to inflate the prices of homes he built (appraisal fraud) by, among other things, lying about improvements. After escrow closed, he would rebate some of the profit from the fraud to companies owned by Gililland.

Garret Gililland has already pleaded guilty in this complex real estate fraud case. You can read about him in earlier articles in the California Real Estate Fraud Report by entering his name in the search box.

Read the original article in the Sacramento Bee and the Chico Enterprise Record.

© 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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