California Real Estate Fraud Report

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Poway Man Pleads Guilty in $10.47m Foreclosure Fraud

United States Attorney McGregor W. Scott has announced that 64-year-old Sergio Roman Barrientos has pleaded guilty to conspiracy to commit wire fraud affecting a financial institution and bank fraud,.

Barrientos and his co-conspirators, Omar Anabo and Zalathiel Aguila, preyed on homeowners facing foreclosure.  Using their company, Vallejo-based Capital Access LLC, they convinced the homeowners to transfer title of their homes to the defendants’ straw buyers. The straw buyers in turn defrauded federally insured financial institutions out of millions of dollars under false pretenses.

Read the original article in Broker Newswire and the press release from the U.S. Attorney’s Office for the Eastern District of California.

© 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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