California Real Estate Fraud Report

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15
Mar

Five San Diego Residents Plead Guilty in Mortgage Fraud, Appraisal Fraud Conspiracy

Five people, including two married couples, have pleaded guilty for their roles in a large-scale mortgage fraud case that has resulted in 26 indictments thus far.

The first couple is Al and Leila Siapno. They pleaded guilty to wire fraud when they lied on their loan application to refinance their home. Al Siapno, 35, is a Border Patrol agent with U.S. Customs and Border Protection (CBP) in San Diego.

Co-conspirator, Matthew McIntyre, 40, is (was?) a licensed real estate appraiser. He pleaded guilty to lying on an application in order to get a loan by creatively including another person’s assets as his own.

The second couple to plead guilty is David Berkenfield, 32, and Kristin Berkenfield, 31. They admitted to overstating their income in order to get a loan.

Read the original article in Mortgage Daily.

© 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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