California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud.

22
Apr

Two Bakersfield women get prison for mortgage fraud

Two women whose role in a mortgage fraud scheme caused financial losses to lenders have been sentenced to two years in prison after being convicted at trial of conspiracy to commit mail fraud, wire fraud, and bank fraud.

In addition to prison time, Evelyn Brigget Sanchez, 32, and Darling Arlette Montalvo, 34, both of Bakersfield, must forfeit money judgments to the United States for $1,412,100 and $1,017,100, respectively.

At trial, Assistant U.S. Attorneys Kirk Sherriff and Henry Carbajal III proved that Sanchez and Montalvo conspired with co-defendants Eric Hernandez, Monica Hernandez, and Patricia King to defraud lenders. The two women worked at mortgage brokerages in Bakersfield and submitted fraudulent loan applications on behalf of borrowers.

Eric Hernandez, Monica Hernandez, and Patricia King previously pleaded guilty. Eric Hernandez received 10 years and 10 months in prison; Monica Hernandez received one year in prison; and Patricia King received three years and one month in prison.

Read the original article in the Imperial Valley News.

© Copyright 2007-2017 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.

BLOG POWERED BY SHARP BIZ IMAGE

Copy Protected by Chetan's WP-Copyprotect.