California Real Estate Fraud Report

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03
Jun

Man Posing as Attorney Arrested in Loan Modification Scheme

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.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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