Investigators Shut Down Mortgage Fraud Ring

admin —  December 15, 2009 — 3 Comments

Juan Sopprani, 31, Rancho Cucamonga, California, Karen Sopprani, 28, Rancho Cucamonga, California, Luis Molina, 41, Pomona, California and Earl Gutierrez, 36, Rancho Cucamonga, California, were arrested in connection with a mortgage fraud scheme.

On March 30, 2006, Juan and Karen Sopprani sold their home in Fontana to the victim and subsequently purchased a home in Rancho Cucamonga, California for over $870,000 using the victim’s stolen identity. The victim discovered her identity had been stolen after the victim applied for credit to purchase a home appliance.

Juan Sopprani was operating his own loan company in Rancho Cucamonga during that time. The victim was contacted by Luis Arturo Molina, Karen Sopprani’s uncle, and she gave him personal confidential information to be pre-qualified to purchase a home. However, the victim changed her mind and told Molina to cancel the transaction.

The notary public was identified as Earl Richard Gutierrez, Juan Sopprani’s brother-in-law. The victim never appeared before Gutierrez, who notarized the falsified loan documents, deeds of trust and grant deeds in these fraudulent real estate transactions. The suspects were arrested without incident and transported to the Sheriff’s West Valley Detention Center in Rancho Cucamonga with a bail of $2,422,000.

Investigators from the San Bernardino County District Attorney’s Real Estate Fraud Unit arrested three of the suspects and caused a fourth suspect to surrender himself.

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3 responses to Investigators Shut Down Mortgage Fraud Ring

  1. This guys a fraud. During the process of purchasing our home, he attempted to have my wife have an affair with him. He’s lucky when I found out, I never saw him in person.

  2. Help bring him down-file complaints with the DOJ and the Dept of Real Estate, BBB and anyone else who will listen

  3. What you say is true he continues to practice for what he was imprisoned for. My own family member was a client of his and found out he was using their credit to charge other clients accounts to. Also wanted information to 401k to withdraw money to put towards the “payment” to which they had already given him the money. I should never had recommended him to my family but I didn’t think this would happen considering that I thought of him as a friend.

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