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.


Prison Time for Marijuana Entrepreneur for Mortgage Fraud

A Clovis resident has been sentenced to 21 months in prison by U.S. District Judge Lawrence O’Neill  for lying on loan applications (loan fraud, mortgage fraud) in order to purchase homes for her marijuana growing business.

Lynn Truong, aka Linh Thi Truong, 40, was prosecuted by the offices of  U.S. Attorney Benjamin Wagner.

Truong admitted she had conspired with her mortgage broker Monique Nguyen in order to get a $545,000 loan from Green Point Mortgage Funding. No word on the status of Nguyen, who also uses the name Monique Dzu Le.

The house, located in Willits, was converted to a commercial marijuana growing operation but was shut down by the Mendocino County Sheriff’s Department.

Read the original article in the Central Valley Business Times.

© 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.