California Real Estate Fraud Report

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Bank of America Employee Gets Off Light in Mortgage Fraud

Freddy Lentz, 35, the first of six Southern California defendants in a mortgage fraud conspiracy case, has been sentenced to three years of probation after pleading guilty to accepting a $1,000 bribe. Lentz formerly worked for Bank of America.

Anthony Lewis, 39, a San Fernando Valley resident, has also pleaded guilty and is awaiting his sentence. Lewis found homes for the fraud ring to purchase and directed Maria Arriaza, 34,  an escrow officer at Diamond Clear Escrow in Granada Hills, on how to disburse the ill-gotten gains.

Deon Jackson, 37, a mortgage broker from Gardena and Jennifer Le, 30, a former loan processor from the South Bay, submitted fraudulent loan applications on behalf of straw buyers.

Last but not least is Matthew Balsz, 32, a U.S. Bank employee from the South Bay. Balsz was charged with accepting bribes

The six were prosecuted by the U.S. Attorney’s Office in Los Angeles.

Read the original article in the Contra Costa Times.

© 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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