California Real Estate Fraud Report

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20
Jan

Tony Huy Havens Sentenced in Separate Mortgage Fraud Schemes

Modesto resident Tony Huy Havens, 42, was sentenced Monday by United States District Judge Lawrence J. O’Neill for his role in two mortgage fraud schemes.

The sentence of three years and five months was announced by United States Attorney Benjamin B. Wagner.

In the first case, Havens sought out individuals in at least eight states whose construction projects were in danger of foreclosing and extracted advance fees after showing them fraudulent documents indicating a lender would make them loans.

In the second scheme, Havens used two relatives as straw buyers to obtain a loan that exceeded the actual selling price of a residential property. The excess was returned to him, which he used to purchase the property.

The cases were the product of investigations by the Federal Bureau of Investigation, the Stanislaus County District Attorney’s Office, and the Federal Housing Financing Agency, Office of Inspector General.

Read the original Press Release.

 

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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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