California Real Estate Fraud Report

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Marijuana House Lands Hells Angel in Prison

Raymond Foakes, 48, once president of the Sonoma Hells Angels, is going to spend up to five years and 10 months in prison for his participation in a  mortgage fraud scheme.

Foakes signed his name to what he knew were fraudulent loan documents so that he could purchase a home that was used as a marijuana grow house. He was apparently one of at least eight persons recruited by loan officer Jacob Moynihan to act as straw buyers during 2006 and 2007. Moynihan and his father Gerald Moynihan are two of the other defendants.

In addition to his prison sentence, Foakes must be pay restitution and his contact with other Hells Angels members will be limited when he gets out of prison.

Read the original article in the Santa Rosa Press Democrat.

© Copyright 2007-2017 Monique Bryher

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