California Real Estate Fraud Report

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10
Nov

Unlicensed Real Estate Agent Defrauds Fellow Latinos in Orange County

An unlicensed real estate agent has been charged by the Orange County District Attorney’s Office with seven felony counts of grand theft and one misdemeanor count of operating a real estate business without having a license.

Arthur Gonzales Diaz, 56, of Anaheim, is cited in the OC Weekly for having scammed a number of Latino victims in various real estate fraud schemes. The article states that Diaz’ license was suspended in 1998, but this writer can find no record of Diaz on the California Department of Real Estate’s (DRE) list of licensed or previously licensed agents.

What is most interesting about this article is that Diaz has been accused of running his illegal operations out of a RE/MAX office and a Century 21 office, both located in Orange County. His corporations were called Trans-World International Securities, Inc., International Marketing Network Corporation, and Banco International Realty, Inc.

The crimes Diaz is accused of run the entire gamut of real estate fraud, including mortgage fraud, short sale fraud and loan modification fraud / loan modification scams.

If you believe you are a victim of Arthur Gonzalez Diaz, contact Supervising District Attorney Investigator Ron Frazier at 714-347-8691 at the Orange County District Attorney’s Office. The OCDA’s prosecutor is Senior Deputy District Attorney Peter Pierce of the Major Frauds Unit / Real Estate and Mortgage Fraud Team.

Read the full article in the OC Weekly.

© 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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