California Real Estate Fraud Report

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08
Dec

Vacaville Man Seeks New Trial after Being Convicted in Real Estate Fraud Case

Richard D. Lamphere, 53, who was found guilty by a jury in September on four of five charges in relation to a real estate fraud case, has indicated through his new attorneys his intent to seek a new trial.

The case against Lamphere dates back more than 10 years and concerns two men who were defrauded out of more than a combined $1.3 million in an Oroville real estate scheme. Both men gave Lamphere their money in the hopes that they would profit from Lamphere’s real estate investment project. Prosecutors, however, presented evidence that he used the victims’ investment money for his personal use.

One of the men, sued  Richard Lamphere in civil court and was awarded $1.9 million. This proceeded the filing of criminal charges by the Solano County District Attorney’s Office.

Read the original article in TheReporter.com.

 

© 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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