California Real Estate Fraud Report

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Archive for the 'Mortgage Rescue Fraud' Category

New Mexico Attorney General Accuses California Real Estate Groups, Individuals of Fraud

June 9th, 2017 at 10:22am

New Mexico Attorney General Hector H. Balderas filed a complaint in February in U.S. District Court for the District of New Mexico against the following businesses and persons: Real Estate Law Center PC, Erikson M. Davis, Deepak S. Parwatikar, Chad T. Pratt, The Balanced Legal Group, and Pinnacle Law Center PC.

The AG alleges that the defendants solicited homeowners into participating in a merit-less mass joinder actions without understanding the ramifactions.

U.S. District Court for the District of New Mexico case number 1:17-cv-00251-KBM-SCY.

Read the original article in Legal News Line.

Fake Attorney Arraigned by OCDA for Mortgage Modification Scams

May 26th, 2017 at 7:33am

James Frank Barker, 57, Newport Beach was arraigned on May 17 for impersonating an attorney and defrauding several clients through debt consolidation and mortgage modification schemes.

Read the press release by the Orange County District Attorney.

Elderly Nurse Fights Eviction, Says Home was Wrongfully Foreclosed

May 26th, 2017 at 7:23am

Poonsook Brainangkul is a 69-year-old nurse who believes her loan servicer, Select Portfolio Servicing, Inc. and investor Volantis Global Inc.,  are wrongfully trying to evict her from her home of 20 years.

Her attorney, Yelena Gurevich, is asking that the Los Angeles Superior Court declare a case of mortgage fraud to reverse the illegal foreclosure and sale of her home, which resulted from dual tracking. Thus far, her attorneys have appeared before the court more than 13 times in the span of 6 months, fighting both companies to stop her eviction.

In California, foreclosure laws are in place to stop lenders from illegally foreclosing and selling a person’s home when they are actively working to modify their loan and repay the lender in times of hardship.

Read the press release in Digital Journal to learn more about the case.

 

Virginia Federal Jury Convicts 3 Orange County Residents in Mortgage Modification Scheme

May 11th, 2017 at 3:37pm

Three Orange County residents have been convicted by a federal jury in Virginia of cheating hundreds of people out of $10 million or possibly more.

Sammy Araya, 41, of Santa Ana, Michael Henderson, 49, of Costa Mesa, and Jen Seko, 36, of Anaheim are facing length prison sentences for operating a nationwide mortgage modification scam.

Federal prosecutors said that the victims had contacted Seko Direct Marketing, and were falsely told that their mortgage modifications would be approved if they paid thousands of dollars in fake “reinstatement fees” or “trial mortgage-modification payments.”

All three defendants face long prison sentences. Nine others from Orange County and Las Vegas had previously pleaded guilty for their participation.

Read the original article in the OC Register.

 

Brea Man Sentenced by Federal Judge to Long Prison Time for Multi-Million Dollar Mortgage Modification Scam

April 14th, 2017 at 9:41am

Despite the pleas of high-powered defense attorney Manny Medrano for an 18-month sentence, Bryan D’Antonio was sentenced to over eight years in prison for a operating a mortgage modification scam.

In imposing the sentence, U.S. District Judge David O. Carter ordered D’Antonio to not only serve 97 months in prison, but also 12 months in a halfway house, three years of supervised probation and to restitution of $3.8 million. Judge Carter noted that D’Antonio was still on supervised release after a four-year conviction for a previous medical-billing scheme.

Bryan D’Antonio was the owner and operator of Rodis Law Group and agreed last year to plead guilty to defrauding more than 1,500 people out of $9 million.

Although D’Antonio apologized to the court, Assistant U.S. Attorney Joseph McNally characterized Rodis Law Group as a boiler room, telemarketer operation that lured desperate homeowners by advertising a non-existent team of attorney who would help the homeowners renegotiate their interest rates and principal balances.

Co-defendants Charles Wayne Farris of Aliso Viejo and Ronald Rodis of Irvine have, like D’Antonio, pleaded guilty to felony conspiracy to commit mail and wire-fraud charges and have yet to be sentenced.

Read the original article in the Orange County Register.

“Assistant Coach Bandit” Pleads Guilty in Loan Modification Scam

March 30th, 2017 at 3:01pm

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.

 

Attorney Stephen Siringoringo Sentenced in San Bernardino Loan Modification Scam

March 2nd, 2017 at 10:36am

Stephen Siringoringo, a Westminster attorney who targeted poor and Spanish-language victims in San Bernardino County in a loan modification fraud scheme, is going to prison for seven years and ordered to pay $108,000 in restitution.

Siringoringo, 35, who was disbarred in March 2015, pleaded guilty to to grand theft and money laundering for his role in the $44 million scam. He found his victims by advertising on radio and television and gaining their trust for his “mortgage relief” services by telling them he was an attorney.

San Bernardino County District Attorney officials said in the news release, “Siringoringo, in particular, preyed on the victims by using his position as an attorney to gain their trust and charge large unlawful upfront fees and monthly payments. Most of the victims never received any loan modification, and many who had lost their money with Siringoringo, Cobb and Clausen sought assistance through other means.”

The investigation was conducted by the San Bernardino County District Attorney’s Office-Bureau Real Estate Fraud Unit. In addition to his conviction, Stephen Siringoringo was ordered by the Consumer Financial Protection Bureau (CFPB) to provide $20,825,000 in restitution to victims outside of the county.

Read the original article in 24/7 and Highland News.

 

Ventura Resident to Jail for Foreclosure Consultant Fraud

March 2nd, 2017 at 10:18am

Patrick Iturra, who was a partner in a firm called Mercury Business Group, has been sentenced to one year in jail after he was convicted of five counts of foreclosure consultant fraud and grand theft.

Mercury Business Group claimed to help homeowners who were having trouble paying their mortgages. According to prosecutors, there were eight documented victims, seven of whom lost their homes to foreclosure.

Read the original article in KCLU.

Owner of Global Home Investments Pleads Guilty in Foreclosure Scam Prosecution

January 20th, 2017 at 11:13am

Fontana resident Jose Armando Rodriguez, 57,  has pleaded guilty to grand theft, foreclosure consultant fraud and recording a false instrument.

Rodriguez, the owner and operator of Global Home Investments, told his five victims that he would save their homes from foreclosure, according to Senior Deputy District Attorney Tony Wold of the Ventura County District Attorney’s Office. Wold said that from 2010 to 2012 Rodriguez stole thousands of dollars from the victims, all located in the Oxnard area, but he never helped them.

When the victims later tried to short sell their homes, they found out that Rodriguez also filed false trust deeds and assignments of rent on their homes, all of which were lost to foreclosure.

Read the original article in the Ventura County Star.

 

Santa Maria Men Charged in Real Estate Fraud of Short Sale Properties

December 16th, 2016 at 12:09pm

Two men have been charged by the Santa Barbara County District Attorney’s Office  with allegedly committing real estate fraud that cost Fannie Mae and Freddie Mac at least $500,000.

Angelo Gabriel Naemi, 36, was charged with five counts of grand theft by false pretenses, and one count of conspiracy to commit grand theft. Steven Paul Gonzales, 61, was charged with one count of conspiracy to commit grand theft.
“The complaint alleges that Naemi, a real estate salesperson, and Gonzales, a real estate broker, conspired to falsify documents in association with numerous short sale transactions,” the District Attorney’s Office said.  The complaint against both men also includes special allegations for aggravated white collar crime and excessive losses.

Gonzales became sole owner of CornerStone Real Estate in Santa Maria in 2012 while Naemi is listed as a sales associate with the firm which has an office at 411 E. Betteravia Road, Suite 101.

Read the original article on Noozhawk.

© 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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