California Real Estate Fraud Report

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Former Los Angeles Deputy Sheriff Sentenced in $11 Million Mortgage Fraud Case

Arman Nshanian, 38, of Corona, California, was convicted in a Missouri courtroom on December 6, 2013 for his role in a mortgage fraud scheme that took place in that state. Last week, Nshanian was sentenced by U.S. District Judge Greg Kays to three years and six months in federal prison without parole and ordered Nshanian to pay $785,926 in restitution.

Tammy Dickinson, United States Attorney for the Western District of Missouri, announced the sentence. She noted that because Nshanian committed perjury at trial when he testified in he own defense, the court gave him an enhanced sentence for obstructing justice.

One of Arman Nshanian’s co-defendants was James Arthur Nash, Jr., 44, who was also a sheriff’s deputy at one time.

Nshanian and Nash are two of nine defendants who operated a mortgage fraud scheme in 2005 and 2006 in various cities in Missouri that involved undisclosed kickbacks to the buyer and caused losses to the lender of almost $5 million. Both men were accused of providing false information about their employment and inflating their incomes in order to purchase one or more properties.

This case is being prosecuted by Assistant U.S. Attorney Linda Parker Marshall. It was investigated by the FBI and IRS-Criminal Investigation.

Read the original article in the Imperial Valley News.

© Copyright 2007-2018 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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