California Real Estate Fraud Report

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Sentencing in Title Fraud, Escrow Fraud Case Delayed

A former Ramona-based financial planner who is thought to have defrauded his investors out of $20 million has been delayed to May 4 in U.S. District Court in San Diego.

Rollo Richard Norton II, 53, pleaded guilty to mail fraud in August 2007, but his sentencing has been repeatedly delayed in a joint motion by both U.S. attorneys and his defense counsel who cite “an ongoing investigation.”

Norton’s businesses were called Safe Harbor Financial Investments and Norton Financial Limited and sought investors for a condominium project in Pacific Beach, California. Norton not only applied for loans in his investors’ names without their knowledge or consent, he also signed their people’s names on grand deeds and other escrow documents.

Read the Full Article in the Ramona Sentinel.

© Copyright 2007-2018 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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