California Real Estate Fraud Report

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Former “Mr. Ventura” Charged in Real Estate Fraud

The man who was once known as “Mr. Ventura” because of his prolific abilities to attract investors and develop large properties, is now awaiting trial for real estate fraud by the Ventura County District Attorney’s Office, apparently broke since he is being represented by a public defender.

James “Jimmy” Mesa has been charged with felony grand theft in excess of $150,000 in connection with a real estate fraud complaint filed by Skyler Ditschfield in April 2009. Dominic Kardum is the lead prosecutor in the case.

Jimmy Mesa could take credit for developing and renovating parts of Ventura; some of the properties he was associated with were the Bank of Italy building, Oasis Garden and Patio, Capriccio, the Livery Theater, Café Fiore, Palermo and the Westside Cellar.

After the real estate market soured, so did Mesa’s business. “When it got bad, you’d expect him to tuck it under and brace for the fall. But this guy started one Ponzi scheme after another. He started borrowing money on properties, taking it out of one LLC and putting it on another,” said Dan McHugh, who is a retired real estate broker and CPA. McHugh loaned $165,000 for a real estate development project that never materialized and for which his funds may be unrecoverable.

Read the full article in the Ventura County Reporter.

© 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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