California Real Estate Fraud Report

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Nevada County Seeks Financial Help from State in Prosecution

In 2012, Attorney General Kamala Harris arrested and charged four people from a Grass Valley real estate company with securities fraud, conspiracy and elder abuse for their alleged involvement in a scam that cost investors over $2.3 million.

Philip Lester, 66, and his sister Susan Laferte, 60, claimed they were broke and were provided public defenders by Nevada County. Lester’s wife, Ellen Lester, and Jonathan Blinder, later had the charges against them dropped.

Nevada County officials, claiming that the legal fees for Lester and Laferte, who ran Gold Country Lenders, will cost upwards of $600,000, want the state to pick up the costs of the pair’s defense since it was Harris who brought charges and whose office is prosecuting the case. Nevada County is small – just 100,000 residents – and says the money could be spent on either law enforcement or restoring public employee jobs that were cut.

Read the original article in SFGate.

© 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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