California Real Estate Fraud Report

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Bay Area FBI Agent Pleads Guilty to Bank Fraud

Charles Espinel, a 32-year employee of the FBI, pleaded guilty to bank fraud, per an announcement by United States Attorney Melinda Haag of the United States Attorney’s Office for the Northern District of California.

Charles and his wife Jeannette Espinel, who also pleaded guilty to the same charge, admitted that they defrauded both First California Bank and Wells Fargo Bank by submitting fraudulent loan applications. The misleading statements were with respect to their income and that they intended to occupy the rental properties as their primary residence.

As part of his job with the FBI, Espinel was required to file security financial disclosure form (SFDF) on an annual basis in order to retain his Top Secret clearance. In an additional admission, he acknowledged knowingly filing false statements and making material omissions on at least four years of the SFDFs.

Read the original article the U.S. Attorney’s website.

© 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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