California Real Estate Fraud Report

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Fortuna Loan Officer Charged in Elder Financial Abuse Case

Delores Reeves, 55, was arrested and charged with grand theft by means of fiduciary trust, grand theft by means of an assumed character, elder abuse, identity theft and fraud, according to the Humboldt County District Attorney’s Office.

The D.A.’s office began investigating Delores Reeves after a 71 year-old women initiated a complaint. Humboldt County District Attorney Investigator William Honsal said that Reeves had been operating a Ponzi scheme. She allegedly falsified deeds of trust (title fraud) and other loan documents (loan fraud) in order to convince her investors that their money was secure, but in reality just kept the money for herself.

Reeves, who posted bail, was immediately terminated by her employer iServe Residential Lending after they learned of the charges and her arrest.

Delores Reeves’ real estate license with the DRE shows no disciplinary action as of this posting.

Read the original article in the Humboldt Beacon.

© 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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