California Real Estate Fraud Report

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16
Jul

Southern California Realtor® Arrested for Real Estate Fraud

Torrance real estate agent Jong Hwan Huh, 47, has been arrested by the Lomita Sheriff’s station for defrauding seven of his clients out of more than $400,000.

Huh, aka David Huh, was charged with 17 counts of grand theft, forgery, issuing iad checks and cnhancements for aggravated white-collar crime by the Los Angeles County District Attorney’s Office.

Detective Ron Sabatine from the Los Angeles County Sheriff’s Department, when questioned about David Huh’s alleged crimes, said “Although there were variations in the schemes, they all involved obtaining money from the victims for real estate purchases or leases, and misappropriation of money.” Investigators believe Huh spent his victims’ money on gambling at local casinos instead of investing it in real estate (real estate fraud).

Huh is (or was) employed by Masters Realty Group. His license with the California Department of Real Estate (DRE) is in a non-working status.

The Los Angeles County Sheriff’s Department Commercial Crimes Bureau, Real Estate Fraud Unit, can be reached at (562) 946-7217.

Read the original article in the Los Cerritos Community News.

This entry was posted on Monday, July 16th, 2012 at 8:48 am and is filed under Real Estate Crimes, Real Estate Fraud, Real Estate Investment Fraud. Responses are currently closed, but you can trackback from your own site.

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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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