George Zevada, 33, Tony Phan, 35, Miguel Arenas Sr., 53, and Troy Chattariyangkul, 34, all of Southern California, were arrested on Decemeber 4, 2012, for their alleged roles in a mortgage fraud scam.
On August 12, 2012, FBI agents an individual named Change Park on one count of wire fraud based on his activiites as a mortgage broker. Park voluntarily provided the background inforamtion which led to the arrest of Zevada, Phan, Arenas and Chattariyangkul.
According to the criminal Compliant, Zevada co-owned Silverline Mortgage Pasadena. Zevada and Silverline allegedly obtained false and fraudulent tax and income-employment documentation from Arenas, a Certified Publix Accountant, and Miro Accounting, which is owned by Arenas (as well as other accountants, and used those documents to support fraudulent loan applicaiotns for otherwise unqualified borrowers.
Zevada and Silverline paid kickbacks to underwriters Phan and Chattariyangkul, employed by mortgage lender Homecomings Financial, to process and approve loan applications for unqualified buyers.