An investigation in Stanislaus County that started five years by state and federal authorities has resulted in the arrests of six people charged in a mortgage fraud scheme that spanned the state of California.
San Bernardino County residents Jacob Orona and Aide Orona, the alleged masterminds, face 90-year prison terms if convicted.
The scheme was discovered in 2011 by investigators with the Stanislaus County District Attorney Office’s real estate fraud unit by District Attorney’s Office investigator Glenn Gulley. Gulley found that Blas Arreola and Nancy Arreola of Turlock tried to prevent foreclosure of their home and a rental home they owned by filing false documents with the county recorder. Another Arreloa used the same strategy with their home in the area and a second one in Half Moon Bay. From there, the investigation became statewide.
Others arrested were John Contreras, Prakashumar Bhakta, Marcus Robinson and David Boyd, all believed to live in Southern California. All six were indicted by a grand jury on a combined 135 felony charges including grand theft, conspiracy, filing forged documents and identity theft.
Read the original article in the Modesto Bee.