California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud. *** AS OF NOVEMBER 2017, THE CALIFORNIA REAL ESTATE FRAUD REPORT IS 10 YEARS OLD! ***


Westminster Attorney charged with others in $44 million loan modification scheme

The San Bernardino County District Attorney’s Office has filed criminal charges against three men, including a disbarred attorney, according to a press release.

Stephen Lester Siringoringo ran the Siringoringo Law Firm in Garden Grove, but the firm had branch offices in Rancho Cucamonga, Upland and Glendale. He and Joshua Michael Cobb have been charged with 24 felony counts of money laundering and 23 felony counts of grand theft, to which they have entered pleas of not guilty. A third man, Alfred O. Clausen, may have left the country.

The bail for both Siringoringo and Cobb is set at $17.8 million and they remain in custody.

The California State Bar’s Office of Chief Trial Counsel has indicated that over 796 complaints have been filed by homeowners who said they were charged upfront (advance) fees of $3,500 to $8,490 for loan modification services. Although they were promised their loan modification would be handled by a licensed attorney, the criminal complaint alleges this was not the case.

The taking of advance fees has been illegal since October 2009.

Read the original article in the Press Enterprise.  Click here to read the documents published online about Stephen Siringoringo.

© Copyright 2007-2018 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.


Copy Protected by Chetan's WP-Copyprotect.