California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud. *** AS OF NOVEMBER 2017, THE CALIFORNIA REAL ESTATE FRAUD REPORT IS 10 YEARS OLD! ***


5 Convicted of Mortgage Fraud in Northern California

Doris Anyanwu and her husband, Hyacinth Udeh, of San Ramon, have been convicted of committing mortgage fraud (loan fraud) for receiving approximately $4 million in loans after filing fraudulent loan applications. The native Nigerians were employed by Andrew Ashiegbu and his wife Linda Ashiegbu (Doris Anyanwu’s sister), who owned New Era Mortgage and Realty in Union City. The Ashiegbu’s business partner Ursula Ogamba, co-owned a branch of EZ Mortgage Realty in Tracy.

Andrew and Linda Ashiegbu had earlier pleaded guilty to conspiracy to commit wire fraud, bank fraud, and money laundering. Ursula Ogamba  pleaded guilty to conspiracy to commit wire fraud and bank fraud and to making false statements to the grand jury. All three are awaiting sentencing.

Andrew Ashiegbu is a licensed real estate broker. The DRE shows no investigations, suspensions or other actions against his license. The DRE also shows no actions against Linda Ashiegbu or Ursula Ogamba.

Read the original article in and the San Jose Mercury News. You can also read the press release by the US Department of Justice, Northern District.

© Copyright 2007-2018 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.


Copy Protected by Chetan's WP-Copyprotect.