Man Admits Foreclosure Delay Scheme

Allison Tussey —  February 24, 2011 — Leave a comment

Charles C. Jamison, 30, Rancho Cordova, California, pleaded guilty to bankruptcy fraud charges.

According to court documents, Jamison engaged in a scheme to, for a fee, use the bankruptcy process to fraudulently delay foreclosures pending on the residential properties of clients he solicited through a program called “Stop Now.” Through blind mailings, distressed homeowners in the Sacramento, California, area received a flyer in which Jamison, using a fictitious identity, falsely promised homeowners facing a trustee sale that he could help them save their homes.

Jamison is scheduled to be sentenced by the Honorable Lawrence K. Karlton on May 10, 2011. The maximum statutory penalty for bankruptcy fraud is five years’ imprisonment, a fine of $250,000, and a three-year term of supervised release. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

United States Attorney Benjamin B. Wagner announced the guilty plea.

This case is the product of an extensive investigation by the Federal Bureau of Investigation and Assistant United States Attorney Laurel Loomis Rimon, who prosecuted the case.

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Allison Tussey

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