California Real Estate Fraud Report

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Real Estate Fraud Charges Against Mountain View Investment Company

The Securities and Exchange Commission (SEC) has filed charges against Mountain View-based JSW and five of its officers. The officers are accused in a $17 million real estate investment fraud scam in which investors’ monies were diverted to fund the officers’ own real estate investments.

The named firms are JSW and its predecessor, Jim Ward & Associates, Blue Chip Realty Fund and Shoreline Investment Fund.

The defendants are JSW founder James Ward, 64, of Delaware, Ohio; former Jim Ward & Associates president David Lee 53, (Los Altos); former JSW president Edward Locker, 35 (Highland Heights, Ohio); former JSW vice president Richard Tipton, 60 (Palo Alto); and JSW general counsel David Lin, 42 (Los Altos).

May of the victims-investors are seniors (elder financial fraud).

Read the original article in the Silicon Valley Mercury 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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