California Real Estate Fraud Report

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15
Jul

Four Sacramento-area people convicted in mortgage fraud case

An investigation by the FBI and the Internal Revenue Service-Criminal Investigation has resulted in the successful prosecution of four people for conspiracy related to mortgage fraud.

The convicted defendants are Olga Palamarchuk, 45, of Rancho Cordova, Peter Kuzmenko, 37, of West Sacramento; Pyotr Bondaruk, 44, and Vera Zhiry, 35, both of Sacramento.

Palamarchuk, a loan officer at Capital Mortgage Lending Inc., recruited Bondaruk to purchase two homes using 100 percent financing, and then to get a home equity loan on one of the houses. They submitted fraudulent loan applications and distributed the proceeds they skimmed from the over-valued properties to Kuzmenko and Zhiry.

Read the original article in the Sacramento Journal.

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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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