California Real Estate Fraud Report

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Defendant in Massive Riverside Mortgage Fraud May Be Incompetent

A man identified by the Riverside County District Attorney’s Office as “second in command” in a staggering $142 million mortgage fraud and securities fraud prosecution may not be competent to stand trial.

Dave Wohl, the fourth attorney to represent Hendrix Montecastro, has petitioned Riverside County Superior Court Judge Richard T. Fields to have Montecastro mentally evaluated by two court-appointed medical professionals.

James B. Duncan, Montecastro’s co-defendant and the accused leader of the mortgage fraud, has already pleaded guilty, as have all the other defendants excepting Montecastro and his mother, Helen Moreno Pedrino.

Henrix Montecastro was charged with 249 felony counts relating to 201 properties that went into foreclosure in Riverside County, causing financial ruin to many of the investors.

Read the original article in the Press Enterprise.


© 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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