Ramon Dy-Ragos, a Nevada attorney, along with his partners Jesus Baca a.k.a Jesse Baca, and Luis O. Baca were indicted for allegedly operating a foreclosure rescue scam in Las Vegas, Nevada, during 2008 and 2009 under the business name of “Save Your House.”
Save Your House is alleged to have lured customers to pay large up-front fees – ranging from $1000.00 to $3995.00. The defendants informed the victims they could prevent foreclosure by having customers stop paying their mortgage and ceasing all contact with the bank holding their mortgage. The defendants falsely claimed they would modify mortgages through negotiation with the mortgage holders or suing the mortgage holders.
Attorney Dy-Ragos and Jesus Baca are indicted on two (2) B felony counts of Theft – Obtaining Money in Excess of $2,500 by material misrepresentation in violation of NRS 205.832(1)(c) and NRS 205.0835; (2) C felony counts of Theft – Obtaining Money of $250.00 to $2,500.00 by material misrepresentation in violation of NRS 205.832(1)(c) and NRS 205.0835 and one (1) Gross Misdemeanor count of Conspiracy in violation of NRS 199.480. Luis O. Baca is indicted on one (1) Gross Misdemeanor count of Conspiracy in violation of NRS 199.480.
The case was investigated and is being prosecuted by the Attorney General’s Mortgage Fraud Task Force within the Bureau of Consumer Protection. An initial appearance date has been scheduled for November 18th, in Las Vegas District Court Department 6.
An indictment is not a determination of guilt or innocence but is just a finding that there is probable cause that a crime was committed. The defendants are presumed innocent until proven guilty.
Anyone who has information regarding this case should contact the Attorney General’s Office at 702.486-3194 in Las Vegas or 775.684-1180 in Carson City.
“We need citizens to help identify mortgage fraud scams such as these so we can investigate and prosecute these individuals,” said Attorney General Catherine Cortez Masto. “If you feel you have been involved in a mortgage fraud scam, you should call my office at 702.486.3194.”