California Real Estate Fraud Report

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Coto de Caza Sentenced for the Second Time in a Month for Money Laundering and Foreclosure Fraud

Kevin Frank Rasher of Coto de Caza had convinced hundreds of homeowners that he could save their homes from foreclosure.

Rasher, 46, was sentenced in Orange County Superior Court to 12 years in prison after pleading guilty to 49 counts of money laundering and one count of preparing a false or fraudulent tax return. Less than a month ago, Rasher received an 8 year sentence after pleading guilty to multiple counts of mail fraud, which will be served concurrently.

According to both state and federal prosecutors, Kevin Rasher claimed at times to his 500 victims that he was an attorney or official with the U.S. Department of Housing and Urban Development and that they should send their payments directly to him. He used the money to enhance his lifestyle

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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