California Real Estate Fraud Report

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Oceanside Attorney and Telemarketers Indicted in $11 Million Loan Modification Fraud Scam

Two men – one of them an attorney – are the targets of a 50-count indictment that accuses them of operation an $11 million loan modification fraud.

Dean G. Chandler, 47, an Oceanside attorney, Shelveen Singh, 25, a telemarketing salesman are charged with running the alleged mortgage rescue fraud from Chandler’s office, 1st American Law Center. The purpose was to persuade distressed homeowners to use the services of what was promoted to be a successful law firm.

According to Leslie P. DeMarco, Special Agent in Charge of the Los Angeles Field Office of IRS Criminal Investigation, “Mortgage modification scams prey on struggling and trusting homeowners.  Today’s court actions are a strong reminder of how serious our courts consider this criminal activity.”

All four are accused of using high-pressure sales tactics and lies to convince homebuyers to sign up with their firm, claiming that 98% of their loan modifications succedded. Chandler also promoted himself as the managing attorney on his website and television ads.

Chandler, Singh and previously-indicted defendants Anthony Calandriello and Michael Eccles are charged with conspiring to commit mail fraud and wire fraud. In addition, Chandler faces charges of money laundering.

Read the original article in CBS8 San Diego.

© Copyright 2007-2018 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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