California Real Estate Fraud Report

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25
Mar

Dorean Group Principals Sentenced to Prison

The Mortgage Fraud Blog reported yesterday that the principals of the Dorean Group were sentenced to prison by U.S. District Court Judge William Alsup. Dale Scott Heineman, 48, of Union City and Kurt F. Johnson, 45, of Sunnvale, received sentences of 21 years, 8 months and 25 years following their conviction by a jury in November 2007 of 35 counts of mail fraud.

In addition to Heineman and Johnson, four of the Dorean Group’s brokers were charged in a scheme of “debt elimination”, in which fraudulent document were recorded in order to clear their clients’ titles to properties. Once title was cleared, the Dorean Group and their clients applied for and received hundreds of thousands of dollars in loans.

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This entry was posted on Tuesday, March 25th, 2008 at 11:41 pm and is filed under Loan Fraud, Mortgage Fraud. Responses are currently closed, but you can trackback from your own site.

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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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