California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud.

29
Feb

Associate of Garret Gililland III Indicted for Real Estate Fraud

Leonard Williams, 49, and Joshua Clymers, 25 have been indicted for mail fraud for using straw buyers to purchase homes at inflated values (appraisal fraud), which they then flipped.

Williams is an associate of Garret Griffith Gililland III. Gililland, the subject of a number of posts on the California Real Estate Fraud Report, pleaded guilty in May 2011 to defrauding lenders (mortgage fraud, loan fraud) out of millions of dollars.

Leonard Williams was a licensed real estate agent whose license was revoked by the California Department of Real Estate in January 2012. The indictment charges that once acquiring the properties, Williams and Clymers sent the fraudulent deeds of trust through the postal service, which is what generated the mail fraud counts. Diamond Hill Financial, Inc., one of Gililland’s former companies, handled the escrow proceeds (escrow fraud).

Two developers who were also charged in Gililland’s real estate fraud scheme, Tony Symmes and William Baker, entered pleas and Symmes has returned about $4 million to the lender-victims.

Read the original article in the Chico Enterprise Record.

© Copyright 2007-2017 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.

BLOG POWERED BY SHARP BIZ IMAGE

Copy Protected by Chetan's WP-Copyprotect.