California Real Estate Fraud Report

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Stanislaus County D.A. shifts its prosecutorial focus

Deputy District Attorney W.R. McKenzie, who is a prosecuter of real estate fraud with the Stanislaus County District Attorney’s office, says the D.A. is moving away from prosecuting people who took out “liar’s loans” and setting its sights instead on con artists who victimize people in real estate investment scams and other real estate fraud schemes.

Here are some of the cases that have been prosecuted by the Stanislaus County D.A.:

– Bounthavy Manivong, convicted of stealing $1 million from roughly 35 victims who believed they were investing in properties purchased by Manivong.

– Hector Leonel Picart, sentenced to four years in prison for stealing $18,500 from an elderly victim.

– Selena Corral, who pleaded no contest to one count of grand theft.

– David George and Lorna Martin forged documents to take out fraudulent loans at a brokerage where they worked.

Read the full article in the Modesto Bee.

© 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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