California Real Estate Fraud Report

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Man accused of elder financial fraud dies on Caltrain tracks

A Menlo Park man who was accused of defrauding an 81 year old Atherton woman of her assets was struck and killed by a Caltrain vehicle.

Jon David Armstrong was the subject of a petition filed in San Mateo County Superior Court by the unnamed victim’s daughter, who said that Armstrong met her mother while he was employed by Wells Fargo as a financial services provider. Wells Fargo later fired him for accepting three free trips to Europe with the woman. The petition accuses Armstrong of using “fraud, undue influence” and that he “engaged in other wrongful acts to cause (the victim) to transfer substantial assets to Armstrong and his eight year-old daughter”. The woman’s estate was given as being $15 million.

Read the full article in the Silcon Valley Mercury News.

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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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