California Real Estate Fraud Report

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Three L.A. Deputy Sheriffs charged in mortgage fraud scheme – and they’re brothers

Brothers Billy, Benny and Johnny Khounthavong are charged with conspiracy to make false statements to two banks in a mortgage fraud scheme known as a “buy-and-bail” that is being heard by a federal jury.

Federal prosecutors allege that the Khounthavongs submitted false reports to Flagstar Bank in order to purchase a 3,900 sq. ft. home in Corona. A second allegation is that the three lied to Bank of America and walked away from another property they owned in Chino in which they were underwater, causing losses of $340,000 from the unpaid mortgage.

The Khounthavong brothers are currently on leave from the Los Angeles Sheriff’s Department and are free on bond.

Read the original article in the Claremont-La Verne Patch.

© 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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