Wiley Chandler, Andrew Katakis, Donald Parker, Anthony Joachim and W. Theodore Longley are the subject of an indictment unsealed by a U.S. District Court in Sacramento, California, for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.
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A joint investigation alliance designed to assist homeowners who have been harmed by misconduct and fraud in the mortgage industry has been entered into between California and Nevada.
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John Marcus Desenberg, 44, formerly of Newbury Park, California, was arrested by FBI agents in Southern California for his alleged role in a foreclosure rescue scheme. On November 17, 2011, Desenberg was charged in a 10-count indictment alleging mail fraud.
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Charges were filed in U.S. District Court for the Northern District of California in San Francisco against eight Northern California real estate investors. Each has agreed to plead guilty for their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Steve Zaven Kessedjian, 48, Los Angeles, California, was arrested after a federal grand jury returned an indictment charging him with mail fraud for a mortgage fraud scheme. Kessedjian was arrested by U.S. Secret Service agents and appeared before a U.S. magistrate judge in Los Angeles, California.
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Angeline Lisa Lizarrago, 69, Fremont, California, was sentenced to five years for a foreclosure scam in which dozens of struggling Bay Area and Central Valley homeowners paid for foreclosure services that were never delivered.
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Thirteen additional defendants were charged in two separate indictments in the Vera Kuzmenko mortgage fraud investigation in California. The current indictments bring the total charged in this investigation to twenty-three. The two most recent indictments involve some of the straw buyers that participated in the scheme.
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Guadalupe Valencia, 47, West Covina, California, who admitted running a real estate Ponzi scheme that took in approximately $6.9 million from more than 150 victims has been sentenced to 108 months in federal prison.
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Robinson Dinh Nguyen, 31, pleaded guilty before U.S. District Judge Lawrence J. O’Neill to Conspiracy to Commit Mail, Wire and Bank Fraud in connection with his employment as a real estate agent for Crisp & Cole Associates, aka Crisp & Cole Real Estate.
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Jesse Alvin Cripps Sr., 57, previously of Visalia, California, was sentenced by United States District Judge Lawrence J. O’Neill to nine years and six months in prison for an investment scheme involving the sale of fraudulent real estate investment trusts. As part of his sentence, Cripps must also pay $2 million in restitution to his victims and must forfeit the property and proceeds obtained from the scheme.
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