California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud.


Guilty Plea in Christian Rock Group, Real Estate Fraud

Lauren Baumann, 43, a Downey woman, has pleaded guilty to one count of felony wire fraud in U.S. District Court.

Baumann solicited investors for her business called Stewardship Estates LLC, which purportedly was a “Christian” investment company. Investors were told their money would be used to promote Christian rock bands and to purchase foreclosed homes. Instead, she appropriated the investors’ $1 million for herself, rent the historic Rives Mansion in Downey, pay for private school tuition for her children and repay earlier investors – a sure sign of a Ponzi scheme.

Lauren Baumann failed to mention to her investors that she has been the subject of court action in the past, first being convicted in federal court of securities fraud in 1999 and being sued and found liable for the civil action of that same case by the Securities and Exchange Commission.

Read the original article in the Long Beach Press Telegram.

© Copyright 2007-2017 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.


Copy Protected by Chetan's WP-Copyprotect.