Arlene Jeanette Mojardin, 32, pleaded guilty to conspiracy to commit bank fraud, mail fraud and wire fraud. Mojardin was a real estate agent (license revoked) who admitted that her participation caused lenders to lose almost $3.7 million in the conspiracy.
Mojardin (formerly Arlene Jeanette Jara) and eight other people were charged in 2012 by the U.S. Attorney’s Office for the Eastern District of California. The allegations were that they used straw buyers to purchase properties developed by Jara Brothers Investments and Pershing Partners LLC by submitting falsified loan applications to the lenders.
Read the original article in Bakersfield Now.