California Real Estate Fraud Report

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25
Apr

Hendrix Montecastro, Helen Pedrino Sentencings Delayed

Sentencing for Hendrix Montecastro and his mother Helen Pedrino, who were both convicted in what prosecutors said was a massive real estate and securities investment scam and Ponzi scheme that spanned several states, has been delayed until June.

Montecastro, 40, who acted as his own attorney, was convicted of over 100 felony charges, has a new attorney hired by his family to review approximately 8,000 in court documents, obviously looking for a procedural error that could cause the attorney to file a motion for a new trial. If his attorney, Daniel Greenberg, fails, Montecastro could receive a state prison sentence of 124 years.

Helen Pedrino, who was characterized as the recruiter of the victims, who lost their homes, savings and good credit standing, faces 17 years in state prison if her new court-appointed attorney cannot find something in the court transcripts to warrant a new trial.

Chief Deputy District Attorney Vicki Hightower was the prosecutor and the case was heard before Riverside County Superior Court Judge Jeffrey Prevost. Judge Prevost struck down 13 of the guilty verdicts, saying they were not in proper form, which Hightower attributed to clerical errors.

Read the original article in the Press Enterprise.

© 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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