California Real Estate Fraud Report

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15
Apr

Two Bakersfield women sentenced for mortgage fraud

Two women from Bakersfield were sentenced Monday in federal court to two years in prison each for their involvement in a mortgage fraud scheme that ran from October 2005 to May 2007.

The U.S. Attorney’s Office in Fresno said 32-year-old Evelyn Brigget Sanchez and 34-year-old Darling Arlette Montalvo have each been sentenced to two years in prison.

The two women, who worked at mortgage brokerages, were convicted of conspiracy to commit mail fraud, wire fraud and bank fraud, plus other counts, conspired with others to defraud lenders by submitting false and fraudulent loan documentation to lenders. They must each pay financial judgments of over $1 million.

Three of their co-defendants have already been sentenced to prison: Eric Hernandez received 10 years and 10 months; Patricia King received three years and one month in prison; and Monica Hernandez was sentenced to one year.

Read the original story BakersfieldNow.com

© 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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