Thirty-seven year-old Carlos Jose Centeno has been arraigned on allegations he was the puppet-master of a $390,000 loan modification scam that victimized mostly Spanish-speaking persons.
Senior Deputy District Attorney Pete Pierce reported that Centeno has been charged with 121 felony counts that include conspiracy and grand theft for illegally charging upfront fees for loan modification services. His companies were called Foreclosure Prevention Department and Orange-based Debt Settlers of America.
Carlos Centeno’s co-defendants are his brother, Rick Centeno, wife, Lizeth Arzate, Susie Rabadan and Hector Valdivia.
Read the original article in the OC Register.