California Real Estate Fraud Report

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Judge Rebukes U.S. Attorney, Defense Attorney, in Sentencing Real Estate Businessman

Assistant U.S. Attorney Russell Carlberg and defense attorney McGregor Scott thought they had pounded out a deal in which Scott’s client would serve less than three years for his real estate investment fraud.

Instead, U.S. District Judge John A. Mendez rejected the deal and sentenced Collins Max “Collie” Christensen Sr. to five years in prison for bilking between 14 and 30 investors out of almost $1 million. Judge Mendez, in refusing to allow Christensen to spend Christmas with his family, noted that the victims, many of whom lost their homes and face financial devastation, are unlikely to enjoy their holidays.

Christensen, who solicited the investors for real estate developments, “made a conscious decision in 2007 to begin diverting investors’ money.” Judge Mendez said Christensen continued siphoning off the investors’ money in 2008 and 2009.

Read the original article in the Sacramento Bee.

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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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