California Real Estate Fraud Report

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“Members of the Church” Rob Their Fellow Mormons

Terrance George Tucker and his wife Sonya Tucker, both 64, were living the good life in Stillwater, Oklahoma in their million dollar motor home on a relative’s property. They were, that is, until federal agents showed up and arrested the former Thousand Oaks residents for bank fraud, accusing them of stealing from investors from their own church.

The Tuckers operated Tucker Mortgage in Thousand Oaks and San Diego, described by various sources as a “mill” that churned out fraudulent loan applications that were submitted to including Washington Mutual, Wells Fargo, Bank of America, Chevy Chase Bank and Downey Savings. Unsuspecting friends and church members were the source of the Tucker’s investment funds. Over $31 million was generated by their fraudulent activities and that of their relative in Oklahoma.

Both Tuckers pleaded guilty to two counts of bank fraud each, and if the public and their victims are lucky, will be sentenced to up to 30 years in prison for each count.

Read the Full Article in the Ventura County Star.

© 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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