California Real Estate Fraud Report

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18
Jan

Defendant Angie Cachu in California City Real Estate Fraud Sentenced

A complex real estate fraud scheme in California City that was investigated starting in November 2008 ended when the last defendant was sentenced to jail.

Angie Cachu, 45, received a one year sentence from Kern County Superior Court Judge Colette M. Humphrey along with five years’ felony probation. The prosecutor, Gordon Isen, was satisfied with the sentence and said Cachu deserved it because she had been uncooperative and lied aobut her active role in the conspiracy.

The case began when California City police received a report of an identity theft. The case expanded greatly and led investigators to a ring of conspirators who used straw buyers to purchase $2.7 million of newly-built homes using fraudulent loan applications (loan fraud, mortgage fraud, notary fraud) and inflated appraisals (appraisal fraud) in order to enrich themselves.

The other defendants pleaded no contest to various crimes and were sentenced as follows:

Appraiser Nathaniel Acree of Long Beach: two years in prison

Broker Jay Langner, of San Juan Capistrano: four years in prison. Jay Langner’s license with the California Department of Real Estate (DRE) is still in good standing as of this writing.

Khalid Malik Abdul Ali, of California City: five years in prison

Notary Elizabeth Torres, of Santa Ana: 10 days in jail.

Read the original article in the Bakersfield Californian.

© 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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