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.


Jay Shah Convicted of Stealing 3 Condos on One Rincon Hill

In another case related to the David Replogle murder trial:

A jury has found Jay Shah, a telecommunications executive,  guilty on all 13 felony counts having to do with conspiring to steal three Rincon Hill exclusive condos. Prosecutrs had charged Shah forged grant deeds (title fraud) transferring the condos, owned by Shirley Hwang, to a storefront/bogus corporation, from he then took out loans.

For her part, Shirley Hwang is relieved. “The verdict speaks for itself and justice prevailed and I can move on with my life,” she said following the trial verdicts.

Tennis instructor Winston Lum was adjudged guilty of six counts including forgery, filing false deeds (title fraud), grand theft and attempted grand theft. He was found not guilty of filing false documents. Melvin Emerich, a real estate broker and attorney, was acquitted of charges of filing false grant deeds.

Read the original article in KGO-TV.

Update: SFGate reported on September 20 that Judge Charlene Padovani Kiesselbach had issued an arrest warrant for Jay Shah and forfeited his $1 million bail because he did not appear in court on the day guilty verdicts were entered against him and several of the other defendants.

© 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.


Copy Protected by Chetan's WP-Copyprotect.