California Real Estate Fraud Report

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Woman Arrested on Christmas Day, Charged with Real Estate Fraud

Forty-two year-old Michele Lynne Stewart was arrested on Christmay Day and charged with over two dozen felony counts of forgery and theft, to which she pleaded not guilty.

Stewart stands accused of taking 28 fraudulent checks for a total of $240,880 from a manager of the Irvine office of  First Team from September 2011 through April 2012. She is just one of nine defendants who have already been charged but are considered fugitives. They are Brian Vancleave, Robert Morken, Jennifer Vancleave, Joe Chang, Joon Kim, Rebecca Kim, Tomy Lam, Bryce Jacot and Jimmy Lam.

Brian Vancleave ran First Team‘s risk management division for that office. He has been accused of writing 228 fraudulent checks for more than $1.4 million to friends and relatives, according to court records.

Read the original article in the OC Register.

© 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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