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. *** AS OF NOVEMBER 2017, THE CALIFORNIA REAL ESTATE FRAUD REPORT IS 10 YEARS OLD! ***


Defendant in Hell’s Angels Mortgage Fraud Case Sentenced to Prison

Justin Batemon, 34, one of the defendants in a $15 million mortgage fraud case that included members of the Hell’s Angels motorcycle club, was sentenced to three years in prison.

Bateman, a resident of Hayward, conned lenders by submitting loan documentation (loan fraud) that falsely claimed he owned a company and altered bank statements to show he earned more income that he did. He also referred some of his friends who were Hell’s Angels members to the loan officer, co-defendant Jacob Moynihan.

According to U.S. District Attorney Melinda Haag, Batemon pleaded guilty to all counts of wire fraud and conspiracy to commit bank and wire fraud. But that didn’t stop Judge William Alsup from slapping him with an enhanced sentence for obstruction of justice after prosecutors discovered he had forged a letter with respect to drug tests that had been ordered by the court.

The FBI and the IRS Criminal Investigations division performed the investigation.

Justin Batemon was also ordered to pay restitution after he has served his prison sentence.

Read the original article in the Silicon Valley Mercury News.

© Copyright 2007-2018 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.


Copy Protected by Chetan's WP-Copyprotect.