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.


Two Sonoma Developers Lose Civil Suit in Elder Financial Abuse Case

Two well-known Sonoma County developers have been found liable in an elder financial abuse lawsuit that involved redrawing the property lines of a married couple.

The dispute arose out of a disagreement in which the elderly couple, Joseph Bonfigli, 83, and his wife, Helen, 78, accuse Alan Strachan and Michael D. Smith, the President of Argonaut Constructors of taking a portion of their land for one of their developments almost 10 years ago.

Each defendant must pay $300,000 for financial elder abuse, with an additional award by the jury for $48,000 in punitive damages against Alan Strachan. Strachan could also be liable for another $535,000 in damages for “civil fraud by deception, false promises or misrepresentation,” but that claim is in dispute by the two parties.

Read the original article in the Santa Rosa Press Democrat.

© 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.