California Real Estate Fraud Report

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Real estate agent jailed by L.A. County D.A.’s office

Mario Raul Guevara, 30, is a  real estate agent who has been charged with four counts of grand theft of personal property and two counts of forgery and failure to file tax returns. For his alleged crimes, Guevara has been jailed on a $2 million bail.

Guevara is accused of forging a client’s signature and sold a North Hollywood property to his alleged accomplices Marcelino Hernandez, 47, and Hernandez’s wife, Maria Guadalupe Banales, 38. According to the L.A. County District Attorney’s Office, Guevara and Hernandez defrauded a financial institution of $1.1 million. Guevara is additionally accused of fleecing investors for his real estate firm.

Read the Full Article in the Los Angeles Daily News. *

* For the record, Guevara is not a licensed real estate broker. He did hold a salesperson’s license, which is expired. There are no complaints showing on the California Department of Real Estate’s web site regarding Guevara’s license. There is also no information on the DRE’s web site indicating the existence of Guevara’s real estate firm (per the Daily News) called Nationwide Capital Investments.

© Copyright 2007-2017 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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