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California Men Suspected of $2.3 Million Mortgage Fraud

An Altadena real estate agent revealed what prosecutors say was his $2.3 million mortgage fraud scheme when he solicited the help of sheriff’s officials in order to perpetuate it. Eddie Turner, 44, of Altadena and Allen Shay, 55, a Pasadena city commission member, pleaded not guilty Wednesday to multiple felony charges related to submitting false […]

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California Man Gets 51 Months in Prison For $5.3 Million Mortgage Fraud

Steven Pitchersky, 65, pleaded guilty to a federal wire fraud charge last September for his involvement in a scheme to defraud Detroit-based Ally Bank, according to federal prosecutors. A Rancho Mirage man was sentenced in Philadelphia Wednesday to 51 months in prison for a fraud scheme that caused an out-of-state bank to lose $5.3 million. […]

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Three California Residents Sentenced to Prison for Mortgage Fraud Scheme

Randy Lee Wilkins of Gilroy, California, Antonio Perez-Marcial from Bakersfield California and Jeriel Salinas who is also from Bakersfield were all sentenced last Monday for their participation in their own separate mortgage fraud schemes, which were all independent from each other. Having been in custody since his conviction by a federal jury in January 2014, […]

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7 Charged in Largest Loan Modification Scheme Ever Prosecuted In The Nation

Seven defendants, including an attorney, have been indicted for allegedly defrauding over 3,500 victims to the tune of $13.5 million in the largest loan modification scheme ever prosecuted in the nation. Maziar Bordbar, 31, Irvine, California, is charged with one felony count of conspiracy to commit a crime, one felony count of conspiracy to defraud […]

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Former California Man Pleads Guilty to Mortgage Fraud

Joshua Clymer, 28, formerly of Sacramento and now living in San Francisco, has pleaded guilty to conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme, according to U.S. Attorney Benjamin Wagner. For nearly two years Mr. Clymer took part in a mortgage fraud scheme involving multiple properties in the Sacramento […]

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Federal Grand Jury Indicts California Mortgage Fraudster

An indictment by a federal grand jury unsealed today in Oakland, California, charges Ayman Shahid with conspiracy to commit bank fraud and 17 individual counts of bank fraud, announced United States Attorney Melinda Haag and Special Agent in Charge David Johnson of the FBI’s San Francisco Field Office. According to the indictment, Shahid, 38, of […]

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