Michael Moon Park, 60, and his wife, Bu Yun Park, 60, Helendale, California, were arrested on March 17, 2009, by investigators with San Bernardino County District Attorney’s Real Estate Fraud Unit on felony charges of identity theft, forgery, grand theft, money laundering, and conspiracy. Three additional suspects remain outstanding and are currently being sought. They are: Kenneth Sung Park, Jason S. Kim, and Duk Sung Jin.
The investigation revealed that the suspects opened a bank account in the name of the victim and purchased two vehicles, one of which has since been shipped to South Korea. Jason Kim obtained a fictitious driver’s license in the name of the victim in order to steal the victim’s identity and purchase two homes, which are located in the 14400 Block, Hurricane Lane and 26600 Block, Mariner Lane, Silver Lakes, California. Michael Park, who is a licensed real estate agent, represented himself as the broker and his wife as the seller during the fraudulent transactions.
After the homes were sold, proceeds were wired into the Parks‘ bank account and then some of the proceeds were electronically transferred to another account in Vancouver, Canada. The homes subsequently went into foreclosure with the estimated loss of over 1.2 million dollars. Bail was set at $2,180,000.