California Real Estate Fraud Report

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Tony Huy Havens pleads guilty in two real estate fraud cases

Tony Huy Havens, a Modesto store owner, pleaded guilty to federal wire and mail fraud charges in relation to two real estate schemes investigated by the FBI and the Stanislaus County District Attorney’s Office.

In the first case, Havens, 42, conned who were “desperate for financing to keep their projects from foreclosure,” according to his plead deal. He promised the 15 victims a total of $1.1 billion and collected over $240,000 by claiming he had ties to a wealthy investor in Hong Kong.

In a separate case dating back to 2006 scam, Havens bought homes in Stanislaus and San Joaquin counties and scammed lenders by reporting much higher sales prices, keeping the spread for himself. In one of those purchases, he used the names of his in-laws, who were unaware he had done so.

Havens’ sentencing is scheduled for for January 11, 2015.

Read the original article in the Modesto Bee.


© 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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