California Real Estate Fraud Report

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20
Aug

San Diego Bookkeeping Firm Target of Mortgage Fraud Prosecution

Mortgage fraud isn’t something most people would think a bookkeeping firm would be involved in. But federal prosecutors say that Aguilera’s Bookkeeping & Income Tax, located on South Santa Fe Avenue in Vista, was at the heart of a mortgage fraud scheme. By fabricating W-2 forms and manufacturing pay stubs for almost two dozen real estate agents and loan officers (note: DRE, are you investigating these agents?), Aguilera’s played a central role in a $55 million loan fraud business that victimized lending institutions in both San Diego County and the San Francisco Bay Area between 2002 and 2008.

Owner Roberto Aguilera is an enrolled tax agent with the IRS as well as a real estate agent licensed through the California Department of Real Estate (DRE). For as little as $75 per letter, Aguilera would allegedly falsify documents for real estate agents, such as Mylene Funk of Oceanside, who, according to court documents, faxed a letter to Aguilera on May 12, 2005, requesting that he fabricate tax returns for one of her borrowers. “Okey Robert, use your imagination”, Ms. Funk is purported to have written. Funk has pleaded not guilty after being indicted for her role in the scheme.

Read the full article in SignOn San Diego, the San Diego Union Tribune, written by Greg Moran.

© 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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