California Real Estate Fraud Report

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Five Men Charged in Rigging San Joaquin Co. Real Estate Foreclosure Auctions

An indictment handed down by a federal grand jury in Sacramento charges four individuals, including an auctioneer,  with conspiring to rig bids a real estate foreclosure auctions held in San Joaquin County.

The auctioneer, or crier, is Theodore Longley of Roseville. Four real estate investors have been charged with conspiring with Longley. They are Wiley Chandler of Lodi; Andrew Katakis of Danville; Donald Parker of Valley Springs and Anthony Joachim of Stockton.

Sharis Pozen, the acting Assistant Attorney General of the Department of Justice’s Antitrust Division, commented that the indictments reflect the determination of her division to stop criminal activity that stifles competition at real estate auctions. U.S. Attorney Benjamin Wagner noted that real estate fraud arising from auction conspiracies have the effect of driving down home prices in neighborhoods in which the auctioned properties are located.

Read the original articles in the Central Valley Business Times and the Sacramento 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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