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. *** AS OF NOVEMBER 2017, THE CALIFORNIA REAL ESTATE FRAUD REPORT IS 10 YEARS OLD! ***


$142 Million Hendrix Montecastro Trial Will Go to Jury Soon

One of the biggest real estate investment fraud trials in the history of Riverside County (or anywhere) will soon be in the hands of the jury.

Jurors in the trial in which prosecutors accuse Hendrix Montecastro and his mother, Helen Pedrino, of felony crimes and securities investment fraud have concluded their closing arguments.

The trial is being heard in front of Riverside County Superior Court Judge Jeffrey Prevost.

Hendrix Montecastro, 40, stands accused of being at the center of a Ponzi scheme that numbers 27 victims. Helen Pedrino, 61, has been accused as recruiting five of the victims.

Two other defendants, purported “mastermind” James Duncan, and Maurice McLeod, have already pleaded guilty, as have several other co-conspirators/defendants.

Read the original article in the Press Enterprise.

© Copyright 2007-2018 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.