A Cerritos real estate broker was arrested for taking part in a two-year escrow fee scam that stole over $500,000 from over 30 victims.
Gonzalez, 45, allegedly participated in a scam in which homes were fraudulently listed as short sales, investigators in the Sheriff’s fraud bureau said. Buyers were required to pay escrow fees to “secure” a property after they submitted their bids. None of the sales closed, yet the buyers’ fees were not returned to them.
Mario Gonzalez has also been reported to RipoffReport.com, presumably by some of his unhappy customers.
Investigators are looking for other victims and can contact Detective Keith Clark at 562-946-7217.
In the meantime, Gonzalez is being held in lieu of a $70,000 bail at the Norwalk Sheriff Station.
Read the original article in Los Cerritos News.