The law has caught up with Ralph Leyva, 62, who just pleaded guilty to fraud and will be sentenced to four years in prison.
Leyva defrauded investors out of $350,000 in 2011 whom he conned into buying six properties in San Diego through a company called California REO Services LLC.
A Modesto man who swindled at least $350,000 from real estate investors pleaded guilty Tuesday to fraud charges in exchange for a four-year prison sentence.
Leyva, who used the aliases of George Anderson and Andrew Taylor, was investigated by the Stanislaus County District Attorney’s Office real estate fraud unit in cooperation with the Federal Housing Finance Agency, which oversees fraud claims involving Fannie Mae and Freddie Mac.
Read the original article in the Modesto Bee.