Xue Heu, who already had been sentenced to over five years for running a Modesto-based real estate investment scam, is in trouble again.
While awaiting his sentenced, Heu, aka Michael Chan, was arrested by local authorities for stealing from new victims.
Heu and co-defendant Thomas Dickey Price, 73, also of Modesto, falsely posed as agents of Fannie Mae and Freddie Mac to sell distressed properties, all of which had already been sold. Their company was called Liquid Assets & Land Investments Inc. and Capital Land Investments LLC.
A third defendant, Mark Steven Thompson, 37, of Oakdale built the websites for Heu to lure investors and set-up email and bank accounts.
Read the original article in the Modesto Bee.