California Real Estate Fraud Report

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Long Beach Woman Gets 4 Years for Elder Financial Abuse

Li Ching Liu, 55, who was hired as a caretaker for an infirm elderly woman but instead robbed her, was sentenced to four years in prison for elder abuse.

Liu’s 74 year-old victim, who suffered from strokes, had built a sizeable fortune in real estate and other investments as a result of years of prudent saving. During the six years Liu “cared” for the women, she drained her bank accounts, forced her to sell her Westminster mall and apparently committed physical abuse and neglect against her.

Although the paper trail could not be established, Li Ching Liu is thought to have stolen upwards of $4 million from the woman, which she used to purchase a Porsche SUV, a BMW for her son, a house in Temple City for herself and her boyfriend, tuition at USC for the son and gambling.

Read the original article in the Long Beach Press Telegram.

© Copyright 2007-2018 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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