California Real Estate Fraud Report

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20
Jul

San Fernando Valley Man Gets 57 Months in Prison in Mortgage Fraud Conspiracy

San Fernando Valley resident Anthony Lewis, 39, is going to have a new address, as he has been sentenced by U.S. District Judge Philip S. Gutierrez to 57 months in federal prison for his part in a $4 million mortgage fraud conspiracy. Judge Gutierrez also ordered Lewis to pay restitution of approximately $4.1 million.

Lewis was apparently the bird-dog who found houses for sale and gave phony loan applications to loan processors Jennifer Le, Matthew Balsz (formerly of US Bank) and Freddy Lentz (formerly of Bank of America). Balsz and Lentz were charged with accepting bribes to push the loan approval through underwriting. Deon Jackson, a mortgage broker from Gardena, helped Lewis correct loan applications so that they would qualify for funding.

Escrow officer Maria Arriaza of Diamond Clear Escrow in Granada Hills, has already been convicted for diverting funds intended for the home purchasers to the various conspirators.

The case was prosecuted by Assistant U.S. Attorney Stephen Goorvitch.

Read the original article in the Daily News.

This entry was posted on Friday, July 20th, 2012 at 10:16 am and is filed under Loan Fraud, Mortgage Fraud, Real Estate Crimes, Real Estate Fraud, Straw Buyers. 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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