California Real Estate Fraud Report

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02
Mar

Contractor pleads guilty to fraud

A 3-year old fee imposed on real estate transactions in Kern County has resulted in a jail sentence to 37 year-old Primo Feliciano Jacquez, who pleaded no contest to one count of grand theft by pretense.

Here’s the kicker: two articles below in this blog, Kyle Grasso, convicted of helping to defraud Lehman Brothers Bank and others of $13 million, was sentenced to one year and a day in prison. Jacquez, who was accused of scamming seven investors out of $385,000 in 2007, will be sentenced next month to two years and four months in prison in addition to having to pay restitution.

Read the full article in the Bakersfield Californian.

© 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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