California Real Estate Fraud Report

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Methuen Real Estate Broker Pleads Guilty to Role in Short Sale Fraud Conspiracy

Methuen real estate broker Greisy Jimenez, 50, pleaded guilty to participating in a short sale fraud scheme to defraud banks and mortgage companies.

Jimenez is scheduled to be sentenced by Senior U.S. District Court Judge Mark Wolf April 24.

In March 2017, her co-conspirators Jasmin Polanco, 37, a real estate closing attorney, and Vanessa Ricci, 40, a mortgage loan officer, each pleaded guilty to one count of conspiracy to commit bank fraud; they will also be sentenced in March. Hyacinth Bellerose, 51, a real estate closing attorney, was sentenced last March to time served and one year of supervised release to be served in home detention after she pleaded guilty to conspiracy to commit bank fraud.

The defendants began their conspiracy in August 2007 and it continued through June 2010. They submitted false and misleading documents to the lenders in order to induce their to approve the fraudulent short sales. The short sales were not only not arm’s-length but the straw buyers were frequently related. In most cases, the purported sellers never moved out of their properties and in fact, the short sale fraud was intended to provide them with a large reduction in their mortgages, I scheme I call “mortgage laundering.”

The case was prosecuted by Assistant U.S. Attorney Stephen Frank, chief of the Economic Crimes Unit of the U.S. Attorney’s Office, and Assistant U.S. Attorneys Sara Miron Bloom and Victor Wild.

Read the previous post about Greisy Jimenez in the California Real Estate Fraud Report from March 2017.

© 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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