California Real Estate Fraud Report

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Eagle-Eyed County Clerk Uncovers Foreclosure Fraud

An unnamed employee in the Stanislaus County Recorder’s Office is the hero in discovering an alleged foreclosure rescue fraud perpetrated on up to 1,000 victims.

Suspicious fillings to a company called Pacifica Group 49-II caused the Recorder’s Office to contact the Stanislaus County District Attorney’s Office. Investigator Glenn Gulley says that possibly 30 victims have been found in Stanislaus County but further digging found victims outside of the area.

The indictees include  Brent Medearis, 45, the CEO of Modesto-based VIP Financial Services; Jewell L. Hinkles, 61, aka Cydney Sanchez; Bernadette Guidry, 43; Jesse Wheeler, 34; and Cynthia Corn, 58. All five defendants have been charged with multiple counts of bankruptcy fraud; two are also facing mail fraud charges.

The 2 1/2 year investigation was undertaken cooperatively by the FBI, the U.S. Postal Service and other federal agencies, in addition to the Stanislaus County District Attorney’s Office.

Read the original article in the Modesto Bee.

© 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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