California Real Estate Fraud Report

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22
Jun

San Francisco Man Sentenced for $28 million Real Estate Fraud

A San Francisco-area man who claimed to be a real estate developer but instead defrauded his investors out of over $28 million, (real estate investment fraud) is on his way to prison.

U.S. District Judge Charles Breyer imposed a 6 1/2-year prison sentence on Maher Muhawieh, 32, following Muhawieh’s guilty plea to wire fraud. Judge Breyer has yet to determine the amount of restitution Muhawieh must pay his victims, which included family members and friends.

There is no evidence that Maher Muhawieh used the monies entrusted to him for anything other than his personal use.

Read the original article in the San Francisco Chronicle.

This entry was posted on Friday, June 22nd, 2012 at 8:51 am and is filed under Real Estate Crimes, Real Estate Fraud. Responses are currently closed, but you can trackback from your own site.

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© Copyright 2007-2013 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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