California Real Estate Fraud Report

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Man extradited from Thailand, arrested for elder financial abuse

Investigators at the San Bernardino County District Attorney’s Office arrested a man on real estate fraud-related charges who was just extradicted from Thailand.

Ronald Paul Shade, 39, previously a resident of Riverside, is facing 29 counts of elder financial abuse, grand theft, and filing forged documents with the County Recorder’s office. Shade ran Orange Crest Realty; the charges stem from solicitations he made from 2006 to 2008 in which he promised investors high rates of return on their money. In reality, Shade was operating a Ponzi Scheme.

Read the full article in the Highland Community News.

According to another article in the Victorville Daily News, Yachiyo Haney lost her life’s savings after being convinced by Ronald Shade that she would earn money with him.

© Copyright 2007-2018 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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