California Real Estate Fraud Report

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23
Nov

Senior Citizen Charged with Elder Theft in San Mateo

A 71-year old Saratoga man who gained the trust of elderly clients by preparing their tax returns is now accused by the San Mateo District Attorney’s Office of ripping them off (elder financial abuse, elder financial fraud).

San Mateo police Sgt. Dave Norris said Lewis Lee was able to charm his clients into joining his investment club called Lewis E. Lee Company by allegedly telling them he was an accountant or financial advisory, although he did not possess any of the required licenses or certifications. His website was still up and running as of the date of this posting.

Lee has been charged with 11 counts of embezzlement, four counts of elder theft and a once residential burglary charge and will be prosecuted by District Attorney Steve Wagstaf in San Mateo County Superior Court beginning December 6.

Lee has hired attorney Chuck Smith, who has thus far defended Lee by saying his client was also a victim and thought his investments were legitimate.

Read the original article in the Contra Costa Times.

© Copyright 2007-2017 Monique Bryher

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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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