California Real Estate Fraud Report

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29
Jan

Former FBI employee, wife, plead guilty to bank fraud

Charles Espinel, a former FBI file clerk and support services technician, and his wife Jeannette Espinel were each sentenced to 90 days in prison plus six months monitoring and 200 hours of community service for committing bank fraud.

In their plea agreements, the Espinels admitted that, beginning in 2006 and continuing through 2010, they defrauded First California Bank and Wells Fargo Bank on loan applications two purchase two rental properties, one for $750,000 in Daly City and the other for $600,000 in San Bruno, according to the U.S. Department of Justice. The admissions included that they overstated their incomes and that the properties were intended to be occupied as their primary residences.

Read the original article in the Mercury News.

© 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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