California Real Estate Fraud Report

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12
Sep

Loan Officer in South Bay Mortgage Fraud Case Sentenced to Prison

Deon L. Jackson, 38, a loan officer who pleaded guilty in a mortgage fraud conspiracy in the South Bay region of Southern California, has been sentenced to one year in federal prison.

Four others who pleaded guilty already received their sentences, as follows:

Anthony Lewis, 57 months. Lewis found the homes for sale and submitted fraudulent loan applications to Jackson and Jennifer Le on behalf of straw buyers

Jennifer Le, probation

Matthew Balsz, a former South Bay U.S. Bank employee from the South Bay, charged with accepting bribes, probation

– Freddy Lentz, formerly of Bank of America, charged with accepting bribes, probation

Maria Arriaza, a former escrow officer at Diamond Clear Escrow in Granada Hills, went to trial and received a sentence of 40 month for preparing phony settlement statements (escrow fraud) and for disbursing funds according to Anthony Lewis’ instructions.

All told, lending institutions were defrauded out of $3 million.

There are several previous postings about this case and the defendants in the California Real Estate Fraud Report. Use the search button on the left-hand sidebar to locate them.

Read the original article in the Long Beach Press Telegram.

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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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