Pasadena resident Paul Clark, 51, has been arrested in connection with a mortgage fraud of a Laguna Beach home.
The property had no mortgage and was being remodeled by the owner, who did not live on the premises. He found out that a $400,000 had been taken out against his property when he began receiving foreclosure notices. Laguna Beach police investigated and Clark was identified as a suspect when they found where the bank’s money had been wired, according to Capt. Jason Kravetz.
Read the original article in the Laguna Beach Independent.