California Real Estate Fraud Report

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28
Oct

Attorneys Getting Nailed for Foreclosure Fraud Scams

Here are a few of the cases in the news where attorneys haven gotten themselves in very hot water:

Suzan Anderson, the supervising trial counsel for the California State Bar,  says “It’s been a very interesting time in this loan modification fraud, because there’s never been such complete agency cooperation before between the different agencies and the State Bar.”  Anderson is referring Gerald L. Wolfe, of the Irvine-based Law Office of Gerald Wolfe, who has been indicted for conspiracy to commit wire fraud. Wolfe is alleged to have taken $2 million in a classic scheme in which straw buyers who submitted fraudulent loan applications (loan fraud) purchased 30 homes in the Orange County and Riverside County areas. Wolfe is a licensed real estate broker and operated Real Equity Pursuits and Douglas Design. Gerald Wolfe surrendered his license to sell real estate in April 2009.

Last January, the Orange County district attorney’s office indicted Christopher Diener, a defrocked Irvine attorney (October 2009) for defrauding 400 homeowners because he took advance payments in return for promising to modify their mortgage loans. Diener’s firms are called Home Relief Services LLC, U.S. Loan Mod Processing, HRS Communications, The Diener Law Firm and the Diener Law Group. Diener and his partners was also sued by California Attorney General Jerry Brown last year. Brown wants $10 million in civil penalties, full restitution for the victims and a permanent injunction to shut down Diener’s businesses.

Diener, through his attorney, denies being guilty of anything.

Read the gallery of attorneys under the gun for foreclosure fraud, loan modification fraud, loan modification scams in Law.com

© 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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