Vickie Fuentes, Fresno, California, was sentenced to 5 years local prison and ordered to pay restitution to 33 homeowners in the amount of $142,599.99.
Archives For California
Maziar Bordbar, Saeid Yarandi, Pamela Gressier, Nathaniel Ferrer, Roberto Durano, and Joel Valdellon have been charged with running a loan modification scam in Orange County, California, wherein the defendants allegedly promised modifications in exchange for upfront fees.
Thomas Franklin Tarbutton, Orange County, California, an alleged hard money lender, has been charged with running a real estate ponzi scheme, embezzling funds from investors by keeping the money they lent for borrowers and not funding the loans as promised.
Charles Rock, a Northern California real estate investor, pleaded guilty for his role in bid rigging and fraud at public real estate foreclosure auctions in Northern California.
Daniel Rosenthal, 31, Yorba Linda, California, was arraigned on charges of submitting fraudulent loan applications to three Bay Area banks using a false name and then laundering more than $2.5 million in fraudulently obtained proceeds.
Seven defendants were sentenced for their roles in a huge mortgage fraud scheme that was charged in 2008. A federal grand jury brought two indictments that charged 19 people in a fraud scheme that promised to help homeowners avoid foreclosure and repair their credit. Most defendants have pleaded guilty or have been convicted by juries.
Juan Ramon Curiel, 36, Visalia, California, pleaded guilty to conspiracy to commit mail fraud and bankruptcy fraud in connection with a foreclosure rescue scheme he orchestrated. Curiel’s co-defendant and business partner, Santiago Palacios-Hernandez, 45, Salinas, California, pleaded guilty to the same conspiracy charge.
Emma Adel, 45, and Mazen Fazah, 39, both of Rancho Cucamonga, California, were recently arrested for stealing title to a home and then selling it for profit.
Craig S. On, 62, Berkeley, California, pleaded guilty to one count of Conspiracy to Make a Materially False and Misleading Statement to an Accountant. On admitted that he did not inform auditors about approximately $67 million in potential losses from the sale of loans held by the bank.
Garry Wan, Concord, California, a Northern California real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.