California Real Estate Fraud Report

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Several Jara family members sentenced to prison

The U.S. Attorney’s Office in Fresno announced the following sentences for members of the Jara family, who used straw buyers to purchase home loans based on fraudulent loan applications from 2007 to 2010.

Eliseo Jara Jr. received  6 1/2 years in prison and was ordered to pay $4.3 million in restitution.

Eliseo’s brother Sergio Jara was sentenced to six and a half years in prison and was ordered to pay $3,249,624 in restitution.

Sergio Jara’s wife, Melissa Rochelle Jara was sentenced to time served, five years on supervised release and was ordered to pay $271,171 in restitution.

The court ordered the Jaras to forfeit their interests in six Bakersfield properties.

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© 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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