California Real Estate Fraud Report

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Former Loomis Wealth Solutions Employee Pleads Guilty in Mortgage Fraud Case

Christopher Jared Warren, a former employee of Loomis Wealth Solutions, pleaded guilty in a mortgage fraud case in which he admitted stealing $7.5 million from a mortgage company through his own firm, Triduanum Financial. His business partner, Scott Edward Cavell, remains a fugitive.

Before his own initial flight from the United States, the high-rolling Warren chartered a jet from Las Vegas to Beirut, Lebanon carrying millions of dollars in gold bullion. He also left a rambling confession to his activites on his now-defunct website.

Warren was arrested when he tried to re-enter to United States from Toronto carrying a false passport and $70,000 stuffed inside his cowboy boots. Six million dollars is still missing, according to authorities.

Before starting his own firm, Christopher Warren worked for Lawrence “Lee” Loomis at Roseville-based Loomis Wealth Solutions. Although he has not been charged with a crime, Loomis, 55, is suspected of running a Ponzi scheme that caused millions of dollars to be lost by investors.

Read the original article in News10 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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