California Real Estate Fraud Report

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22
Oct

68 Years in Prison for Real Estate Fraud by Broker

Kathy Chen, 49, a Westminster real estate broker, has been sentenced to 68 years and six months in prison after being convicted on 136 counts in a real estate fraud case that amounted to $17.5 million. Her boyfriend Richard Gonzalez and his brother Daniel Gonzalez were also charged but fled the United States.

Kath Chen owned Chen Financial, Western Escrow, National Tax Services and SBC Financial and was accused of using her businesses to find her victims. She then used their identities to obtain 47 loans on 35 properties located in Orange County, San Bernardino County and Kern County.

Read the full article in KABC 7 Eyewitness News and the Silicon Valley Mercury News.

© 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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