California Real Estate Fraud Report

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Archive for the 'Mortgage Rescue Fraud' Category

Three Men in Bakersfield Sentenced for Running Foreclosure Rescue Scam

July 25th, 2017 at 9:58am

A federal judge in Fresno sentenced three men to prison for operating a foreclosure rescue scam in Bakersfield and two other California cities.

Norwalk resident Martin Calzada, 30, received nine years; Juan Curiel, 38, of Visalia, received three years and five months; and Santiago Palacios-Hernandez, 48, of Salinas was sentenced to two years and nine months.

In addition, all three were ordered to pay over $1.1 million in restitution to their victims and federal mortgage lenders Fannie Mae and Freddie Mac.

Read the entire article in the Kern Golden Empire.

Mortgage Modification Fraud Gets Long Prison Sentences for 3 Orange County Residents

July 25th, 2017 at 9:27am

Three Orange County residents received long prison sentences for conning over 3,000 homeowners nationwide in an $11 million mortgage modification scam.

Sammy Araya, 41, the mastermind, received 20 years, while his co-defendants Michael Henderson, 49, received 12 years, and Jen Seko, 36, got 7 years.

“For Sammy Araya, Michael Henderson and Jen Seko, the financial struggles of more than 3,000 homeowners were an opportunity for theft,” said Christy Goldsmith Romero, the Special Inspector General for SIGTARP, in a statement.

Nine other Orange County and Las Vegas residents previously pleaded guilty for their participation in this mortgage modification fraud and also were sentenced to stiff prison terms.

Defendants in America’s Law Group, Rodis Law Group, Sentenced in Mortgage Modification Fraud Case

July 14th, 2017 at 8:48am

Charles Wayne Farris, 65, of Aliso Viejo and Ronald Rodis, 52, of Long Beach have been sentenced to prison for their roles in a mortgage modification fraud that defraud 1,500 distressed property owners out of over $9 million.

Farris was ordered to serve 47 months in prison, while Rodis, who had previously surrendered his license to practice law, was sentenced to 41 months. The California Real Estate Fraud Report reported back in August 2016 that both men had pleaded guilty to felony counts of conspiracy to commit mail and wire fraud and were ordered to make restitution payments to their victims in the millions of dollars.

Bryan D’Antonio, who was the owner and operator of the Rodis Law Group, aka America’s Law Group, was sentenced to 97 months in prison in a plea deal.

According to the U.S. Attorney for the Central District of California, the victims were located by the defendants placing radio ads claiming the Rodis Law Group employed experienced attorneys who could help struggling homeowners get lower interest rates from their lenders or even get their mortgages reduced.

Read the original article in the Orange County Register.

 

 

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.

 

© 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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