California Real Estate Fraud Report

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Escrow Officer Pleads Guilty to San Diego Fraud

Donna Demello, 44, of San Jose, has pleaded guilty to one count of conspiracy to commit wire and mail fraud in connection with a conspiracy allegedly run by James Delbert McConville, who is awaiting trial. Demello was an escrow officer at Stewart Title in Milpitas and will be sentenced by U.S. District Judge Phyllis Hamilton on December 8 for concealing exorbitant marketing fees on the escrow settlement statements.

James Delbert McConville was purportedly at the center of a conspiracy in which straw buyers were paid $5,000 – $10,000 for the use of their names and credit in order for McConville and his associates to obtain loans on condominium properties in the San Diego area. Prosecutors state in their filings against McConville that he took out $20 million in loans for 80 condos and that his “marketing fees” amounted to approximately $11 million.

You can read more about this story in previous article on this blog.

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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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