California Real Estate Fraud Report

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$142 Million Mortgage Fraud Case Suffers More Delays

Hendrix Moreno Montecastro, a 39-year old Murrieta man accused of playing a critical role in an alleged $142 million mortgage fraud, has benefited from numerous delays in his case.

Montecastro was arrested and charged in November 2009 with grand theft, securities fraud, elder abuse and corporate ID theft in the case that caused more than 200 foreclosures in Riverside County as well as the above dollar losses for the investors. His alleged co-conspirator and mastermind, James Benjamin Duncan, also of Murrieta, has already pleaded guilty to corporate ID theft and six counts of securities fraud.

The latest delay was due to Montecastro firing his attorney. Both he and his mother, co-defendant Helen Moreno Pedrino, are now representing themselves.

Read the original article in the Press Enterprise.

© Copyright 2007-2018 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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