Ricardo Fabian Salinas, 34, Los Angeles, California, pleaded guilty to bank fraud in connection with a mortgage fraud scheme perpetrated in Bakersfield, California.
Archives For California
Shervin Neman, whose given name is Shervin Davatgarzadeh, 31, Century City, California, was arrested by FBI special agents after he was charged with running a Ponzi scheme and then bilking another victim out of millions of dollars that he used to pay back earlier victims after the S.E.C. took him to court.
Bank of America will pay $500 million to settle lawsuits by investors nationwide, including the Oregon Public Employees Retirement Fund, against Countrywide Financial Corp.
David Romo, 42, Folsom, California, was sentenced by United States District Judge Garland E. Burrell, Jr. to 10 years and one month in prison for mail fraud related to a real estate investment scheme that defrauded investors of more than $6.9 million.
Mohammed Rezaian, Novato, California, a 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.
Baljit Singh, 47, and Sharanjit Kaur, 36, both of Fresno, California, were sentenced by United States District Judge Lawrence J. O’Neill sentenced for conspiring to commit mail and wire fraud.
Continue Reading...
Seven people were charged with mail fraud, wire fraud, and making false statements in connection with a mortgage fraud scheme involving the purchase of at least 23 homes.
Continue Reading...
Stephen B. Lopez, 57, Lafayette, California, was arrested on Thursday, March 28, 2013, on mail fraud, wire fraud and money laundering charges for allegedly misrepresenting assets to lenders.
Continue Reading...
Alexander A. Romaniolis, 48, Irvine, California, was arrested in Huntington Beach, California, for mortgage fraud relating to an alleged straw buyer scheme.
Armando Granillo, 44, Huntington Beach, California, a former sales associate with Fannie Mae, was named in a federal grand jury indictment that accuses him of taking kickbacks from a real estate broker in exchange for providing him with foreclosed properties to sell on behalf of the mortgage agency.
Continue Reading...