California Real Estate Fraud Report

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Three in San Diego Sentenced for Loan Modification Fraud

Three people who were prosecuted in San Diego for running a mortgage loan modification fraud were sentenced to federal prison, according to the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).
Ziad Nabil Mohammed Al Saffar must serve 21 months and Sara Beth Bushore Rosengrant received a sentence of 12 months of home detention and three-years probation. Both criminals confessed that they did indeed run a “loan audit” and loan modification scam under the business names of Compliance Audit Solutions Inc. and CAS Group Inc., soliciting their victims through their website The third man, Daniel Al Saffar, acknowledged his role as a sales representative; for his crimes, he was sentenced to six months of home detention as part of a three-year term of probation.In addition to the successful prosecutions, each defendant paid restitution of $30,000 and Ziad Nabil Mohammed Al Saffar, who is not a U.S. citizen, agreed to be deported after he is released from prison.

Read the original article in MortgageOrb.

© 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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