2 Indicted for Foreclosure Rescue Scam

Allison Tussey —  October 5, 2009 — Leave a comment

Jack Ferm and Mario Saunders have been indictedfor allegedly operating a foreclosure rescue scam in Las Vegas, Nevada, between September 2008 through 2009 under the business name of US Justice Foundation.

The indictment alleges that Ferm and Saunders operated US Justice Foundation, a document preparation business that charged $2,500.00 and misled customers that their services would stop ongoing foreclosures on their homes and/or obtain loan modifications.

Jack Ferm was indicted on one (1) B felony count of Theft – Obtaining Money in Excess of $2,500 by material misrepresentation from a person sixty years of age or older in violation of NRS 205.832 (1)(c), NRS 205.083 and NRS 193.167; five (5) B felony counts of Theft-Obtaining Money in Excess of $2,500 by material in violation of NRS 205.0832 (1) (c) and NRS 205.0835; one (1) B felony count of theft-Obtaining money in excess of $250 by material misrepresentation from a person sixty years of age or older in violation of NRS 205.0832 (1) (c), NRS 205.0835 and NRS 193.167; and three (3) C felony counts of theft-obtaining money in excess of $250 by material misrepresentation.

An indictment was also entered against Mario Saunders on four (4) B felony Counts of Theft-obtaining money in excess of $2,500 by material misrepresentation in violation of NRS 205.0832 (1) (c) and NRS 205.0835; and one C felony (1) count of Theft-obtaining money in excess of $250 by material misrepresentation in violation of NRS 205.0832 (1) (c) and NRS 205.0835.

The case was investigated and is being prosecuted by the Attorney General’s Mortgage Fraud Task Force and Bureau of Consumer Protection after the AG’s office received numerous complaints about misrepresentations made by Ferm and Saunders. These include several clients who paid thousands of dollars to the Us Justice Foundation with no legal documents having been prepared or filed on their behalf. In most cases, Ferm and Saunders required the victims to pay a monthly charge of $150 for litigation costs in addition to the original retainer of $2,500 for the duration of the litigation, despite the fact that neither Ferm or Saunders were licensed as attorneys in Nevada.

Nevada Attorney General Masto announced the indictments.

“These types of crimes target vulnerable people who are already struggling financially and are looking for hope,” said Attorney General Masto. “My office intends to continue to prosecute these crimes and send the message that this type of conduct will not be tolerated in our State.”

The indictment is not a determination of guilt or innocence but is just a finding of probable cause that a crime was committed. The defendants are presumed innocent until proven guilty. A District Court arraignment has been scheduled for October 15 in Las Vegas District Court Department 15

Anyone who has information regarding this case should contact the Attorney General’s Office at 486-3777 in Las Vegas or 684-1180 in Carson City.

 

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Allison Tussey

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