California Real Estate Fraud Report

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20
Feb

Joshua Clymer last defendant sentenced in Diamond Hill Financial mortgage fraud case

Joshua Clymer, 28, was sentenced to two years in prison for conspiracy to commit mail fraud in connection with a mortgage fraud scheme in which he an his co-defendants helped straw buyers purchase homes by submitting fraudulent loan applications containing lies about the purchasers’ income, assets, employment and intent to occupy the homes.

Clymer, the last of 14 defendants to be sentenced, pleaded guilty to what FBI news release stated was a “loan origination and property flipping mortgage fraud scheme” using the companies Diamond Hill Financial and Bay Area Real Estate Holdings.

Clymer’s co-defendants, who have already been sentenced in this and related cases include Leonard Williams, 87 months; Garret Gililland, 94 months; Niche Fortune, 57 months; Kesha Haynie, 46 months; Eric Clawson, 37 months; Anthony Symmes, 35 months; Carlos Chamorro, 27 months; Shane Burreson, 23 months; Christopher M. Chiavola, 22 months; William E. Baker, 18 months; Nicole Magpusao, 535 days; Brandon Resendez, nine months; and Remy Heng, six months home detention. Twelve of the defendants pleaded guilty, including Clymer. Juries convicted the two defendants who went to trial, Haynie and Williams.

The case resulted from an investigation by the Federal Bureau of Investigation; the Internal Revenue Service, Criminal Investigation; and the Butte County District Attorney’s Office’s Major Crimes Unit.

Read the original article in the Sacramento Bee.

© 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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