California Real Estate Fraud Report

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12
Dec

Hendrix Montecastro’s Attorneys File for New Trial

Daniel Greenberg, the attorney for Hendrix Montecastro and his mother Helen Pedrino, has filed a motion for a new trial eight months the pair were convicted by a Riverside County jury in a $142 million real estate investment fraud and securities scam.

Chief Deputy District Attorney Vicki Hightower is not surprised by the legal maneuver and said she is prepared to have prosecution witnesses available on January 21, when Riverside County Superior Court Judge Jeffrey Prevost said he would hear the motion.

Hendrix Montecastro was convicted of more than 300 felonies in the case, which prosecutors had alleged was a Ponzi scheme that fell apart when the real estate market collapsed. The 26 victims were said to have lost their life savings and homes as a result.

Helen Pedrino, the so-called “master recruiter,” of some of the victims, was convicted of 54 criminal charges, including a white-collar crime enhancement for felony theft or embezzlement.

Read the original article in the Press Enterprise.

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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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