Kevin Frank Rasher, is being held on $1 million bail pending arraignment today, accused of operating a loan modification scheme from June 2011 through April 2016.
According to the Orange County District Attorney’s Office, Rasher, 44, allegedly told his victims he was an attorney for the U.S. Department of Housing and Urban Development. Instead of helping the 380 victims, he spent the $2 million he took in by renting a $10,000 per month home in Coto de Caza and other expenses.
Rasher has never held a law license in California.
The charges against Kevin Rasher include 46 counts of grand theft and one count each of second- degree burglary and aiding a false or fraudulent tax return, all felonies, with a sentence-enhancing allegation for property damage or losses of more than $65,000.
Read the original article in the Orange County Register.