Seven Orange County, California residents have been accused of running a boiler-room operation that targeted homeowners around the country in what prosecutors say was a loan modification scam.
The individuals indicted by a federal grand jury are as follows:
• Aria Maleki, 33, Santa Ana;
• Serj Geuttsoyan, aka Anthony Kirk, 33, Santa Ana;
• Mehdi Moarefian, aka Michael Miller, 36, Irvine;
• Daniel Shiau, aka Scott Decker, 30, Irvine;
• Kowit Yuktanon, aka Eric Cannon, 31, Huntington Beach;
• Michelle Lefaoseu, aka Michelle Bennett, 41, Huntington Beach; and
• Cuong Huy King, aka James Nolan and Jimmy, 32, Westminster.
In addition to the arrests, federal agents seized $350,000 from bank accounts, $362,000 from a bitcoin account, a $100,000 cashier’s check and a 2013 Ferrari 458 Italia.
All seven are charged with conspiracy to commit mail and wire fraud; several of the defendants have additional charges filed against them.
Prosecutors believe that the defendants were cold-called and promised loan modifications if they paid upfront/advance fees of $2,500 to $4,300. They allegedly used false names, changed their business names and provided false and misleading documents to the homeowners indicating the latter would receive government help from Troubled Assets Relief Program and the Home Affordable Modification Program.
Read the original article in the OC Register.