California Real Estate Fraud Report

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Sad End for Thousand Oaks Woman Who Plead Guilty to Mortgage Fraud

Sonya “Cheri” Tucker, a  former Thousand Oaks woman who along with her husband Terrance “Terry” Tucker pleaded guilty in a mortgage fraud scheme, has died in prison.

Cheri Tucker, 68, and Terry Tucker were each given 10 year sentences in 2009 after they pleaded guilty to bank fraud. They ran Tucker Mortgage in Thousand Oaks and San Diego and used their business to falsify loan documents submitted to banks (loan fraud) for the purchase of homes. Many of the homes were lost to foreclosure. In the meantime, the fraudulent paperwork scheme brought in over $31 million to the Tuckers in the form of loan brokerage fees, real estate commissions and fees assessed to investors. The investors were friends from the Tuckers’ church, none of whom were apparently aware of how their investment money was being misused.

The case was investigated first the the Ventura County District Attorney’s Office and then by the Secret Service.

You can search the California Real Estate Fraud Report for earlier articles on Cheri Tucker.

Read the original 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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