Huntington Beach resident James Allen Ramsdell, called the “Assistant Coach Bandit” by the FBI for robbing banks in Southern California, has pleaded guilty to defrauding people who sought loan modifications.
In 2009, Ramsdell, 51, received a three-year sentence in federal prison for robbing banks in Anaheim, Costa Mesa, Huntington Beach and San Diego County.
A youth coach as well as a sub-prime mortgage broker, Ramsdell now faces 6 months in county jail following his guilty plea to eight felony counts including grand theft and a sentencing enhancement for his prior bank robbery conviction. There were six victims, from which he took $40,000 for illegally charging upfront/advance fees for loan modification services he did not perform.
Read the original article in the Orange County Register.