California Real Estate Fraud Report

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20
Oct

Two Men Sentenced to Lengthy Prison Terms for San Diego “Mansion Fraud” Case

San Diego businessman and a lawyer from Arizona received length sentences for engineering a multi-million real estate loan fraud in San Diego.

U.S. District Court Judge William Q. Hayes sentenced Cortland Gettel, 43 of Coronado to 135 months in prison and Jeffrey Greenberg, 67, of Tucson, Arizona to 81 months.

Gettel owned Conix, real estate investment firm that was also known as Variant Commercial Real Estate. Greenberg was the company’s attorney. Prosecutors had accused the pair of misleading lenders into approving loans for them to purchase four multi-million dollar mansions in La Jolla and Del Mar under the pretext the properties were high-end investment and luxury rentals. What really happened was that Gettel, his business partner Peter Cash Doye and their families lived in the homes.

Read the original article in the San Diego Union Tribune.

 

© 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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