Two men – one of them an attorney – are the targets of a 50-count indictment that accuses them of operation an $11 million loan modification fraud.
Dean G. Chandler, 47, an Oceanside attorney, Shelveen Singh, 25, a telemarketing salesman are charged with running the alleged mortgage rescue fraud from Chandler’s office, 1st American Law Center. The purpose was to persuade distressed homeowners to use the services of what was promoted to be a successful law firm.
According to Leslie P. DeMarco, Special Agent in Charge of the Los Angeles Field Office of IRS Criminal Investigation, “Mortgage modification scams prey on struggling and trusting homeowners. Today’s court actions are a strong reminder of how serious our courts consider this criminal activity.”
All four are accused of using high-pressure sales tactics and lies to convince homebuyers to sign up with their firm, claiming that 98% of their loan modifications succedded. Chandler also promoted himself as the managing attorney on his website and television ads.
Chandler, Singh and previously-indicted defendants Anthony Calandriello and Michael Eccles are charged with conspiring to commit mail fraud and wire fraud. In addition, Chandler faces charges of money laundering.
Read the original article in CBS8 San Diego.