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.

06
Sep

Hollywood Actor and Tax Preparer Charged in $3.8 Million Mortgage Fraud

An actor and a certified tax preparer have each pleaded guilty to conspiracy in a mortgage fraud scheme that allowed the actor, Tommy Lister, to acquire title to four homes by falsifying income and bank statements.

Lister, 54, who could not afford the homes and who unsurprisingly lost them to foreclosure, is alleged to have used the services of Arcelia Chavez, 48, who he stated supplied him with a false W-2, false pay stub and a false CPA statement so that he could get one of the mortgages and a HELOC (home equity line of credit). He admitted that in addition to misrepresenting his financial status to the lenders that he neglected to inform the lenders that he would be receiving kickbacks from the sellers after escrow closed.

The court documents charge that the scheme operated from November 2005 through June 2007.

Sami Sager Sweiss, previously a Woodland Hills-based mortgage loan officer, pleaded guilty this July to one conspiracy count before United States District Judge Dale S. Fischer He was later sentenced to 33 months in prison and three years of supervised release.

Read the press release on FBI.gov.

© Copyright 2007-2017 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.

BLOG POWERED BY SHARP BIZ IMAGE

Copy Protected by Chetan's WP-Copyprotect.