California Real Estate Fraud Report

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Federal judge lets five convicted in mortgage fraud case go free

U.S. District Judge John A. Mendez stunned federal prosecutors and defense attorneys by ordering five defendants convicted in a multimillion-dollar mortgage fraud scheme last May to go free. Instead, the judge declared that none would go to prison and sentenced them to probation and months of wearing electronic ankle monitors as they return to their daily lives.

Set free were Daniil Markevich, his sister-in-law Irina; his brothers Alex Markevich and Anatoliy Markevich; and Marina Pukhkan, Irina Markevich’s mother. The five had spent the money they were paid for acting as straw buyers on luxury items, such as a Lincoln Navigator and a limousine.

They had faced lengthy prison sentences for their participation as straw buyers for homes they had purchased by submitting fraudulent documents in order to obtain loans.

The judge’s decision is a huge loss for the Office of the U.S. Attorney for the  Eastern District of California, which has made mortgage fraud prosecutions a priority.

Read the original article in the Sacramento 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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