California Real Estate Fraud Report

This report spotlights real estate professionals and businesses lacking the ethics and conscience to treat their fellow humans in a fair, honest and upstanding manner. It is a clearinghouse for real estate fraud, mortgage fraud, loan fraud, appraisal fraud and elder financial fraud occurring in California, especially Los Angeles and Southern California. - Monique Bryher

Archive for the 'Equity Stripping' Category

Mortgage Fraud Convictions Served Up in Vallejo Valley

June 7th, 2009 at 10:14am

An escrow officer has been convicted of two counts each of felony grand theft and felony identity theft by an Alameda County jury.

Former Financial Title escrow officer Wonda Kidd, 58, was convicted for her vital role for aiding and abetting a “massive” Vallejo-based real estate fraud scheme, according to prosecutors. She faces up to five years in  state prison when she is sentenced. Co-conspirator and accused mastermind Karim Akil, 42, already pleaded guilty to grand theft charges in 2008 and is currently serving a three-year sentence in state prison.

Read the Full Article in the Times Herald.

Posted in 1031 Exchange Fraud, Equity Stripping, Identity Theft, Loan Fraud, Mortgage Fraud, Real Estate Crimes, Real Estate Fraud by: Monique Bryher

© Copyright 2007-2008 Monique Bryher

Legal Disclaimer.

The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud and appraisal fraud 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.