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! ***


Four Sacramento residents sentenced to prison in mortgage fraud scheme

Four Sacramento-area people who were found guilty of conspiracy related to mortgage fraud received prison sentences in federal court.

Peter Kuzmenko, 37,  was sentenced to nearly six years in prison. He had received 19 years in prison earlier this week for another mortgage fraud case.

Olga Palamarchuk, 45, received almost six years.

Pyotr Bondaruk, 44,  was sentenced to almost six years.

Vera Zhiry, 35, was sentenced to three years and one month.

Prosecutors had accused Palamarchuk, a loan officer at Capital Mortgage Lending Inc., of submitting fraudulent loan applications on behalf of Bondaruk, to lenders in order to get 100% financing on two home loans and then later a HELOC (home equity line of credit) on one of them. They then diverted $32,378 of “seller’s proceeds” to Kuzmenko, owner of Pete’s Pool Service, to pay for non-existent repairs and improvements.
Read the original article in the Sacramento Business Journal.

© 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.