California Real Estate Fraud Report

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06
Aug

Ex-Wells Fargo employee pleads guilty to elder financial abuse

John Tran, 37, a former bank manager at a Wells Fargo branch in San Jose, has entered guilty pleas to theft from an elder, fraud and forgery. Tran targeted elderly clients of the bank and stole from them by visiting them at their homes in order to convince them to make investments that were never made and cashing their checks.

In addition to his prison sentence, expected to be six years, Tran must pay $553,000 in restitution to Wells Fargo, which reimbursed to the elderly customers he victimized.

Read the full article in SF Gate, the San Francisco Chronicle.

There is an earlier article about John Tran in this blog.

© 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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