Richard Nazabal, 51, Rancho Cucamonga, California, was arrested without incident at his home in the 5000 block of Granada Court in Rancho Cucamonga for his role as a real estate agent in a fraud scheme that defrauded scores of victims in San Bernardino County, California. The following day, attorney Garabed Kamarian, 49, Glendale, California, was arrested at his Glendale office by DA Investigators and Glendale Police. Nazabal’s step-daughter Christina Martirossian surrendered herself to authorities on Monday.
Nazabal’s wife, Desiree Wilcox Nazabal remains outstanding and is wanted on a $2.5 million arrest warrant.
Beginning in 2006 and continuing through 2008, Richard and Desiree Nazabal solicited funds from victims to invest in several inland empire homes with the stated intention of renovating and reselling the properties at a profit. More than twenty-five people invested more than $2.5 million dollars with the Nazabals. Instead of investing the victims’ funds, the Nazabals used the money for personal gain and never purchased homes for the victims. Christina Martirossian conspired with her mother and step-father to falsely bill a cleaning company in order to continue to support the family’s lavish lifestyle. Attorney Garabed Kamarian allegedly applied for loans the Nazabals could not qualify for in order to purchase the luxury home in the extreme north end of Alta Loma in which the Nazabal family was living. Kamarian falsified the loan applications, showing he was the owner and primary occupant of the home in order to make the purchase of the residence on behalf of Richard and Desiree Nazabal. Richard Nazabal and Garabed Kamarian were booked at the Sheriff’s West Valley Detention Center in Rancho Cucamonga on arrest warrants charging multiple counts of Grand Theft with a bail amount for Nazabal of $2,500,000 and $500,000 for Kamarian. Christina Marie Martirossian was booked and released on a $40,000 arrest warrant charging Grand Theft.
Investigators are seeking the public’s assistance in finding Desiree Wilcox Nazabal. If anyone has information of her whereabouts they are asked to contact their local police of sheriff’s department or Investigator Tina Greco at 909-891-3348. Desiree is pictured in upper right of article.