California Real Estate Fraud Report

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IRS Catches Roseville Contractor in Real Estate Fraud

An interview with an IRS agent has resulted in a Roseville man pleading guilty to real estate investment fraud after the man admitted he faked invoices.

Leo Wheeler, 56, pleaded guilty to one count of mail fraud in U.S. District Court. He had solicited investors to build a subdivision called Creekside Oaks Estates near Middletown by presenting 85 phony invoices for construction work he claimed he had done. Wheeler promised an 11% return and six months of prepaid interest to the investors but ran his operation using three non-existent businesses called Kenneth Gutman Trucking, SNC Solutions and California Maintenance.

The case was heard before United States District Judge Garland E. Burrell Jr.  and prosecuted by United States Attorney Benjamin B. Wagner.

Read the original article in the Lake County 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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