California Real Estate Fraud Report

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10 Arrested, Arraigned in Rancho Cucamonga Loan Modification Fraud Case

A joint investigation by the FBI, U.S. Postal Service, IRS, the Federal Housing Finance Agency and the Office of Inspector General has culminated in the arrests of 10 persons in what prosecutors allege was a $7 million loan modification fraud program that may have victimized more than 4,000 homeowners.

The arrests coincide with a sealed grand jury indictment of Andrea Ramirez, aka Andrea Parker, aka Lisa Evans. She is accused of operating 21st Century Real Estate Investment Corp. and several other companies. The indictment accuses Ramirez, 44, of promising homeowners in distress that she could negotiate them loan modifications through government programs. She and her employees (named below) allegedly told the homeowners to stop making their mortgage payments as well.

Those named in the indicted in addition to Andrea Ramirez are  Christopher Paul George, 42, of Rancho Cucamonga; and Michael Bruce Bates, aka Michael Bruce Myers, aka Robert Allen Castro, 61, of Moreno Valley; Crystal Taiwana Buck, 37, of Long Beach; Michael Lewis Parker, 34, of Pomona, a fugitive; Catalina Deleon, 35, of Glendora; Hamid Reza Shalviri, 50, of Montebello; Yadira Garcia Padilla, 35, of Rancho Cucamonga; Mindy Sue Holt, 53, of San Bernardino; Iris Melissa Pelayo, 42, of Upland; and Albert DiRoberto, 59, of Fullerton.

According to a statement released by U.S. Attorney Andre Birotte Jr., “The housing crisis provided fraud artists a new avenue to exploit people in financial distress. Many of the victims in this alleged scheme were in desperate financial straits, and shameless financial predators promised relief they could not deliver.”

Read the original article in the Press Enterprise.

© Copyright 2007-2017 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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