California Real Estate Fraud Report

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California City Police Department Uncovers Large Real Estate Fraud

The California City Police Department operates with a small staff of 20. Yet this group of extraordinarily talented and dedicated professionals took a referral on what appeared to initially be a minor identity theft case and dug deeper until their investigation bore fruit in the form of five arrests.

Those arrested were appraiser Nathaniel Acree, 65, of Long Beach; broker Jay Langer, 51, of San Juan Capistrano; Khalid Malik Abdul Ali, 60, of California City; Angie Cachu, 44, of Orange; and notary Elizabeth Torres, 28, of Santa Ana. Their scheme was one familiar to readers of the California Real Estate Fraud Report:  purchase properties at inflated appraisal values, skim the phony equity off the top and use straw buyers to purchase the inflated-value homes.

Three reserve officers for California City performed much of the investigative work: Reserve Officer Michael Katz, Reserve Officer Chris Christopher (now deceased), and Sgt. Jeff Takeda.

The case is being prosecuted by Kern County Deputy District Attorney Gordon Isen. The case included the assistance of the investigative arm of the Orange County District Attorney’s Office and the US Postal Service.

Read the original article in the Bakersfield Californian.

© 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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