Hard Money Lender Charged with Fraud

admin —  July 25, 2012 — Leave a comment

 

Linda Ann Kennedy, 49, currently of Tennessee, the former president of 21st Century Financial Resources, Inc., also known as 21st Century Mortgage, doing business in Paso Robles, California, has been charged with fraud.

A criminal complaint was filed against Kennedy on March 23, 2012 for alleged crimes she committed between 2006 and 2007 during her operation of 21st Century Financial.  In the criminal complaint, Kennedy is charged with four felony counts and ten special allegations related to fraudulent practices in the offer and sale of securities involving “hard money” loans in real estate projects located primarily in San Luis Obispo County, CaliforniaKennedy is alleged to have caused a loss of over $1.3 million to numerous victims.
 
Kennedy will be arraigned in the San Luis Obispo County Superior Court on the criminal complaint during the week of July 23, 2012.

The San Luis Obispo County District Attorney’s Office filed criminal charges against Linda Ann Kennedy on March 23, 2012.

The charges were filed following an extensive four year investigation by the California Department of Corporations and additional investigation by the San Luis Obispo County, California’s District Attorney’s Office,

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