California Real Estate Fraud Report

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29
Aug

Sacramento Attorney Arraigned on Financial Elder Abuse Charges

Delbert Joe Modlin, 63, has been practicing law since 1987. Earlier this week, he was arraigned on felony charges of financial elder abuse, grand theft and securities fraud in the case of a 90-year old and and his 66-year old daughter.

Court papers show that Modlin became their estate planner last year. He allegedly told the father to liquidate all his investments and convinced the daughter to invest $120,000 in a new cat litter box Modlin allegedly had invented.

What he didn’t tell either of them was that he is awaiting felony charges in Placer County after being accused of defrauding an elderly Auburn couple and selling their real estate and other assets without their approval. Modlin also didn’t disclose he had a a “severe gambling problem”  and that in 2004 and 2012 he had filed bankruptcy, information that an investigator from the State had determined a “reasonable prudent investor would consider significant.”

The criminal cases were filed by he California Attorney General’s Bureau of Medi-Cal Fraud and Elder Abuse and are being prosecuted by Steven Muni.

Read the original article in the Sacramento Bee.

 

 

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