California Real Estate Fraud Report

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Former Bakersfield real estate agent pleads guilty in mortgage fraud case

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.

© 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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