California Real Estate Fraud Report

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Convenience Store Clerk Sentenced for Mortgage Fraud

Juan Banales Venegas, 24, an Oxnard man who was arrested in a mortgage fraud case, has been sentenced to just under four years in prison and ordered by Judge Manuel Real pay $913,325 in restitution to the lenders he defrauded.

Banales Venegas, aka “Chicken Little,” was hired to work as an unlicensed assistant for real estate in 2006 at Century 21 Premier Real Estate. Maria del Rocio Partida is a licensed real estate broker who runs Century 21 Premier Real Estate in Oxnard. Maria Del Rocio Partida, Miriam Sukey Estrada, Adela Naranjo (both of Platinum Power Mortgage in Oxnard) all were also indicted in the same case and each woman pleaded guilty to one count of bank fraud.

Banales Venegas was paid commissions for selling homes, something that is a licensed activity. He also lied on loan applications in order to buy residential properties, all of which subsequently were foreclosed.

Read the original article in the Ventura County Star.

© 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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