Juan Herrera, 38, already sentenced for a foreclosure fraud scheme he operated with his twin brother, Michael, is being prosecuted by the Ventura County District Attorney’s Office for related crimes.
Michael pleaded out to the same prosecuting office and is spending the year in jail.
The twins advertised foreclosure services through Spanish-language media, promising homeowners in distress that they would purchase their homes, rent them back to the owners and later re-sell them the homes at reduced prices. According to Senior Deputy District Attorney Tony Wold, the victims, most of whom spoke little or no English, were charge thousands of dollars in advance/upfront fees in order to participate in the defendants’ programs. Advance fees are illegal in the state of California.
Read the original article in the Ventura County Star.