Two men were found guilty by a U.S. District Court jury in Sacramento for acting as straw buyers on behalf of developers who had trouble selling their properties.
According to the office of U.S. Attorney Benjamin Wagner, Edward Khalfin, 58, of San Mateo, was found guilty of 12 counts of mail fraud and 11 counts of making false statements on loan applications. Robin Dimiceli, 53, of Brentwood, was found guilty of six counts of mail fraud and six counts of making false statements on loan applications.
The properties were located in Copperopolis, Carmichael and Sacramento.
Read the original article in the Central Valley Business Times.