California Real Estate Fraud Report

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05
Feb

Two Flee to Israel after Indictment for Loan Fraud

A good way to look guilty is to flee, especially after being charged for a second time with bank fraud.

Los Angeles residents Aviv Mizrahi, 53, and Aryeh Greenes, 58, have both fled to Israel after being indicted by a federal grand jury in connection with a bank fraud amounting to $33 million. The indictments allege that the pair altered financial records in order to receive very large lines of credit, costing lenders $33 million. They face 34 counts that include bank fraud and making false statements on loan applications (loan fraud, mortgage fraud).

This is Mizrahi’s second time at bat with bank fraud: in 2012 he was charged with the same crime, fled to Israel and changed his name to Aviv Shoham Schwartz.

According to the Jewish Voice, Greenes was also a rabbi.

If they are prosecuted and convicted, both men face prison sentences of biblical proportions: 1,020 years for Mizrahi and 330 years for Greenes.

Read the original articles in the Jewish Voice and  SF Gate.

© 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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