Lynn Eichenberger and Loan Thituong Nguyen have been charged for their alleged role in a real estate fraud conspiracy.
Between August and December 2009, Nguyen and Eichenberger are accused of conspiring to defraud investors of millions of dollars in a real estate fraud scheme. During this time, Nguyen is accused of being a licensed real estate broker who managed two companies, Suncoast Mortgage Corporation and Suncoast Investment Realty. Nguyen is accused of targeting victims in the Vietnamese-American community. The conspiracy operated using two different schemes to defraud 17 investors. Nguyen and Eichenberger are accused of stealing over $2 million from their victims. When confronted by the victims about the properties, Nguyen is accused of claiming that the deal had fallen through. The defendants are accused of failing to return any of the stolen money to any of their victims.