California Real Estate Fraud Report

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W. Covina Woman Pleads Guilty to Real Estate Ponzi Scheme

Guadalupe Valencia, 46, has pleaded guilty to two counts (each) of mail fraud, wire fraud and tax fraud according to the U.S. Attorney’s Office.

Valencia purportedly stole almost $7 million from 150 victims by running a real estate investment fraud that was nothing more than a Ponzi scheme. She told investors that their money was full secured with deeds of trust and even issued promissory notes. The profits she promised – which should have raised red flags to any investor – were 8-20% in 45 days.

Valencia’s companies were in Downey and called Real Estate & Loan Consultants and R.E. Equity Group, Inc.

Read the full article in the Pasadena Star News.

© 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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