Anthony Keslinke, 47, a Danville real estate broker, pleaded guilty to two conspiracy charges as part of a plea agreement with the U.S. Attorney’s Office for the Northern District of California.
Keslinke was arrested in February 2014 and charged with 12 counts of fraud, money laundering, and conspiracy dating from between February 2011 and March 2014, when he falsified documents to lenders in order to short-sell his own East Bay properties. He sold his properties in Danville and Walnut Creek by using straw buyers in order to retain control of the properties, both of which he later sold at a profit.
Prosecutors also said that Keslinke met with an undercover federal agent posing as a drug dealer and accepted a total of $550,000 from the man.
Read the original article in the Mercury News.