California Real Estate Fraud Report

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New Deputy DA to be Added to San Joaquin District Attorney’s Office

The San Joaquin District Attorney’s Office is gaining both a new deputy district attorney position and an investigator as a result of a unanimous vote by the San Joaquin County Board of Supervisors on September 11.

Funding for the new positions, $382,239, was made possible by the settlement negotiated between the Office of the California Attorney General and Countrywide Financial Group for $5.2 million, deposited into the Foreclosure Crisis Recovery Fund. In court documents, the AG had accused Countrywide of  “engag(ing) in false advertising and unfair competition in the origination of residential mortgage loans and home equity lines of credit.”

The new staff will be assigned to the investigation and prosecution of real estate fraud in San Joaquin County. The positions are less an addition than filling the large hole created when seven prosecutors were lost due to budget cuts back in 2009.

Lest anyone harbor the notion that there is less real estate fraud in San Joaquin County than other parts of California, one of the most prominent cases recently prosecuted successfully was by Deputy DA James Lewis involving a Ponzi scheme that cost 33 investors $5.8 million. This was the case of Ward Real Estate and Leesa Marie Ward and Alison Ann Jensen. Both women pleaded guilty on August 9  to failure to file tax returns with intent to evade, the sale of securities by false statements, grand theft and conspiracy and received three year sentences.

Read the full article in the Tracy Press.

© 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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