California Real Estate Fraud Report

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Elk Grove Attorney in Hoda Samuel Case Sentenced to Prison

An attorney from Elk Grove who pleaded guilty to intentionally verifying inflated income statements made by borrowers to induce lenders to underwrite loans is going to federal prison for 2 1/2 years. His guilty pleas were to conspiracy and make false statements.

Sean Patrick Gjerde, 37, worked for Hoda Samuel, the owner/operator of Liberty Real Estate & Investment Company  and Liberty Mortgage Company. Samuel stood trial, was convicted and received a 10-year sentence in the mortgage fraud case.

Eight other persons have been charged in this case; seven have already pleaded guilty and await their fates . . .

Unrelated to this prosecution is an action by the California State Bar Court in April, 2012, which placed Sean Gjerde on inactive status because of pending cases alleging misconduct on his part.

Federal prosecutors have charged eight others in the mortgage fraud scheme. Seven have entered guilty pleas and await sentencing.

There are a number of postings on the California Real Estate Fraud Report regarding the prosecution of Hoda Samuel that you can find by using the search tool.

Read the original article in News10 ABC.

© 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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