California Real Estate Fraud Report

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Hells Angel Sentenced for Mortgage Fraud

The second of seven Hells Angels defendants charged in September 2011 with conspiracy to defraud banks by submitting fraudulent loan applications (mortgage fraud, loan fraud) has received a one-year sentence.

Josh Leo Johnson, 36, of Santa Rosa, is (was?) the vice-president of the Sonoma chapter of the Hells Angeles. He pleaded guilty back in December to lying about his income in order to get a loan from Sun Trust Mortgage. U.S. District Judge William Alsup also ordered Johnson to pay $130,000 in restitution to the lender.

The first defendant to plead guilty in the case, Raymond Foakes, did so to charges of fraud and money-laundering. Foakes, the former president of the same chapter as Johnson, received almost six years in prison by Judge Alsup.

Read the original article in the San Francisco Chronicle.

© 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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