California Real Estate Fraud Report

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23
Jun

Former Los Angeles Housing Authority Official Arrested by FBI

The FBI has reached into Guatamela in order to arrest a former construction official with the Los Angeles Housing Authority who, along with his two brothers, was sued by that agency for billing it for construction work that was never performed.

Victor Taracena, a fugitive, worked at the housing authority from 2003 to 2007. He has pleaded not guilty to bribery and conspiracy, although his brothers Diego and Bennett Taracena have entered guilty please and each been sentenced to 21 months in prison.

Diego and Bennett created construction companies and billed the L.A. Housing Authority for the non-existent work, a portion of which was returned as a kick-back to Victor Taracena.

Although the agency’s lawsuit against the Taracenas was successful, no monies have been collected to date.

Read the original article in the Los Angeles Times.

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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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