California Real Estate Fraud Report

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LA County Residents Charged with Mortgage Fraud

Six residents of Los Angeles County have been charged in a $4 million mortgage fraud scam. The accused include two now-former employees of banks, a mortgage broker, a now-former escrow officer and a loan officer. In total, the lenders lost approximately $4 million due to the mortgage fraud.

Anthony Lewis, 38, of the San Fernando Valley, is alleged to have been in charge of finding homes for sale and submitting false loan applications (loan fraud) on behalf of straw buyers.

Lewis is alleged to have submitted the phony loan applications to Deon Jackson, 36, a mortgage broker from Gardena, and Jennifer Le, 29, a loan processor from the South Bay. Jackson and Le in turn are alleged to have reviewed the loan applications to make sure they would pass muster and then submitted them to Matthew Balsz, a 31-year-old former U.S. Bank employee and 34-year-old Freddy Lentz, a former Bank of America employee.

Balsz and Lentz have been charged with taking bribes.

Once the loans were underwritten, the loan money was wired to Diamond Clear Escrow in Granada Hills, where defendant Maria Arriaza disbursed the funds according to Lewis’ instructions after allegedly constructing false HUD-1 settlement statements (escrow fraud).

Read more in the Patch, the Beverly Hills Courier and the press release by the US Attorney’s Office.  


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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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