California Real Estate Fraud Report

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15
Nov

Orange County Woman Convicted of Defrauding Nuns

An Orange County woman was convicted of defrauding Roman Catholic nuns out of $285,000 which was to be used to buy them a retirement home.

Linda Rose Gagnon, aka Linda Gualtieri-Gagnon, 59, was convicted of three counts of wire fraud by a federal jury.

According to Assistant U.S. Atty. Robert Keenan, Gagnon, who does not hold a real estate license in California, told the nuns she was an expert in “short-sale and foreclosure transactions” and offered to help them buy a home they were currently renting for retired sisters. Instead of helping them, Gagnon spent the entire sum in 64 days on lingerie, leasing an Audi and paying off debts for Rose Enterprise, Inc., her real estate finance company.

Read the original article in the Los Angeles Times and a press release from the FBI.

© 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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