California Real Estate Fraud Report

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25
Mar

Former Wells Fargo manager accused in elder financial fraud

John Tran was a manager at a Wells Fargo branch located in Willow Glen. While there, according to the Santa Clara County District Attorney’s office, Tran befriended elderly customers of the bank, then stole their money. Tran has now been arraigned on multiple charges of theft from an elder, grand theft and forgery and is cooling his heels in jail.

Cherie Bourlard is a deputy district attorney and said there are at least 15 victims and possibly even more. At least $900,000 in losses to the elderly victims is involved.

Tran worked at Wells Fargo from March 2008 to February 2009. While there, he allegedly talked the elderly clients of the bank to invest in CDs but instead kept the money. He is also being investigated for forging bank documents and draining the accounts of deceased seniors.

Read the full article in the San Jose Mercury News.

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