California Real Estate Fraud Report

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28
Jul

Aliso Viejo Man Pleads Guilty in Mortgage Modification Fraud

Aliso Viejo resident Charles Wayne Farris, 55, has pleaded guilty to federal fraud charges for his role as a sales manager in a mortgage modification fraud case that cost 1,500 people almost $9 million.

Farris’  co-conspirator, former attorney Ronald Rodis, had  previously pleaded guilty to a felony conspiracy to commit mail and wire fraud. A third defendant, Bryan D’Antonio, still awaits his turn at trial for nine counts of wire fraud and one count of conspiracy to commit wire fraud.

According to prosecutors, both Rodis Law Group and America’s Law Group used nationwide radio advertisements to portray themselves as a team of experienced attorneys that could negotiated lower-interests rates or principal balances.

“The defendants in this case preyed upon vulnerable homeowners facing the loss of their home and callously took advantage of what hope they had left,” said Deirdre L. Fike, assistant director in charge of the FBI’s Los Angeles Field Office, in a statement last week.

Read the original article in the OC 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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