California Real Estate Fraud Report

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12
Oct

Orange County Attorney Indicted for Mortgage Fraud

Gerald L. Wolfe, 41, an Irvine attorney who surrendered his real estate license in 2009, has been indicted by a feder grand jury on one count of conspiracy to commit wire fraud.

Wolfe, a resident of Corona del Mar, is thought to be part of a conspiracy in which 30 homes in Orange and Riverside were purchased at inflated prices through the use of straw buyers. The straw buyers lent their credit ratings and provided other information in order to obtain loans. Wolfe and the straw buyers allegedly misled the lenders into thinking they would live in the homes and provided other false documentation. When the homes were foreclosed, the losses of approximately $2 million.

Two of Wolfe’s co-conspirators, Andrew and William Bohuslavizki, have alread pleaded guilty to the same charge for which Wolfe was indicted and are awaiting sentencing.

Read the full article in the Orange County Register, aka OC Register and RealEstateRama.

© 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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