California Real Estate Fraud Report

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06
Jul

Jury Selection in Hendrix Montecastro Mortgage Fraud Trial Begins

A man and his mother who are on trialĀ in an allegedĀ $142 million mortgage fraud and securities fraud prosecution are taking turns with the prosecution, conducting their own voir dire as part of their self-representation, having fired all of their attorneys.

Hendrix Montecastro, 39, of Murrieta, and his mother, Helen Moreno Pedrino, are charged with grand theft, securities fraud, corporate identity theft and elder abuse (elder financial abuse). They are among seven people who were arrested in 2009 for scamming small-time investors and being responsible for the foreclosure of more than 100 homes in Riverside County. The ringleader James Duncan and the other five defendants have already pleaded guilty for their roles.

Read the original article in the Press Enterprise.

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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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