Abolghasseni “Abe” Alizadeh, 56, Granite Bay, California, and Mary Sue Weaver, 62, Roseville, California, are the subjects of a 21-count indictment charging them with various counts of mail, wire and bank fraud in connection with schemes to defraud lenders in large commercial real estate transactions between mid-2004 and April 2008.
Archives For November 30, 1999
Mark F. Friend, 60, Stockton, California, was indicted by a federal grand jury on six counts of bank fraud relating to a mortgage fraud scheme wherein he allegedly submitted false and fraudulent loan applications to lenders. Continue Reading…
Lucia Chavez, 37, and her husband Joseph Chavez, 41, both of Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield. As part of their plea agreements, Lucia Chavez agreed to a personal forfeiture money judgment of $1,624,450, and Joseph Chavez agreed to a personal forfeiture money judgment of $3,092,000.
Michael Pelimiano Soriano, 45, Irvine, California, Agustin Navarra Alayon, 52, Canoga Park, California, and Joseph Anthony Q. Oliva, 50, San Jose, California, a real estate broker and two real estate agents who worked together, have been charged with grand theft in a loan modification scheme.
Evelyn Brigget Sanchez, 32, and Darling Arlette Montalvo, 34, both of Bakersfield, California, were sentenced to two years in prison each for their involvement in a mortgage fraud scheme that ran from October 2005 to May 2007.
Ramin Yeganeh, San Mateo, California, a real estate investor, has agreed to plead guilty for his role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California.
Xue Heu, 38, Modesto, California, pleaded guilty to two counts of wire fraud in connection with a fraudulent real estate investment scheme wherein he gave investors fraudulent documents, such as grant deeds, HUD-1 settlement statements, and portfolio listings of properties he claimed he intended to purchase, including properties that had already been sold and were no longer available to purchase.
Ebrahim Shabudin, 66, Moraga, California, was convicted by a jury on seven felony counts of conspiracy, securities fraud, and other corporate fraud offenses stemming from the failure of United Commercial Bank.
Daniel Deaibes, 36, Rancho Cucamonga, California, pleaded guilty to participating in a scheme to steal title to Southern California homes, and then to “sell” the properties to unsuspecting buyers—who later learned they had actually purchased nothing.
Sam Stafford, 59, formerly a resident of Campbell, California, now living in Temecula, California, a founder of the S3 Partners, was sentenced March 17, 2015 to 36 months on investment fraud charges. Continue Reading…