17 defendants were charged in six criminal cases with felony offenses in the Eastern District of California during the fiscal year that closed September 30, 2012. These cases involved thousands of homeowner victims, and losses estimated by law enforcement to exceed $9 million.
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Rene Solis, 52, Los Angeles, California, has pleaded guilty to three counts of felony foreclosure consultant fraud arising out of a fraudulent home loan modification and foreclosure rescue program called Sunset Beach Management (SBM).
David Han, 50, Tujunga, California, was sentenced to 37 months in federal prison for his participation in a home equity line of credit (HELOC) scheme which resulted in losses of more than $1 million.
Dean G. Chandler, an attorney, and Shelveen Singh, a telemarketing salesman, were arraigned in federal court in San Diego, California, on a 50-count indictment charging them with defrauding thousands of homeowners in an $11 million “loan modification” fraud scheme.
Blanca Sanchez, aka Blanca Maciel,Salinas, California, was found guilty of 13 felonies arising from her “foreclosure rescue scam” when she posed as a licensed professional and stole thousands of dollars from struggling Hispanic homeowners between 2008 and 2010.
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Martin Wayne Flanders, 48, and Ligia Sandoval Spafford, 46, Roseville, California, were arrested on a complaint charging them with orchestrating a fraud scheme targeting distressed homeowners.
Western Financial Planning Corporation and Louis V. Schooler, San Diego, California, have been accused of running a real estate investment fraud that raised approximately $50 million from hundreds of investors nationwide.
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Eduardo Ruiz, 33, Santa Ana, California, the owner of a Pasadena mortgage brokerage firm was sentenced to 108 months in federal prison for participating in a mortgage fraud scheme that obtained more than $30 million in loans.
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Ryan William Costo, 37, Granite Bay, California, is the subject of a six-count indictment for mail, wire, and bank fraud, as well as making false statements to financial institutions, all in connection with various schemes to defraud lenders.
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Joel Blanford, 44, San Ramon, California, was convicted by a federal jury on six counts of mail fraud.
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