California Real Estate Fraud Report

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11
Dec

Church struggles to recover after former pastor commits loan fraud

Congregants of the Live Oak Community Church in Oakley are being tested for their ability to forgive after their former pastor, Arcadio “Larry” Pineda, was accused last spring by church elders of fraudulently obtaining a loan that was collateralized against the church’s building. Pastor Pineda was later charged by the Contra Costa County District Attorney’s Office with grand theft and two counts of filing false documents.

The small church, which has only 40 members, uses the donations it receives for feeding and clothing the needy.

Read the Full Article in the Contra Costa Times.

© 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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