The two Realtors®who were caught operating a real estate investment fraud in Tracy, near Stockton, have been sentenced for their crimes.
Leesa Marie Ward, the owner of Ward Real Estate, and Alison Ann Jenson, both pleaded guilty earlier to conspiracy, securities fraud, grand theft and tax evasion charges and received sentences of three months of house arrest. Leesa Ward’s real estate broker license was revoked by the California Department of Real Estate (DRE); Alison Jenson appears to have been unlicensed.
Victims appeared before San Joaquin County Superior Court Judge Richard Guiliani to explain how, through Ward and Jenson operating what turned out to be a Ponzi scheme, they lost their life savings, retirement money and even their homes. Many of the victims were friends of Leesa Ward, who used her friends’ investment money to buy herself cars and plastic surgery. Needless to say, those friends-turned-victims were dissatisfied with what I agree is a light sentence.
Read the original article in the Stockton Record.