Nick C. Lee, 42, and his wife, Chang-Li Wang, 45, Fontana, California, have been arrested and charged with 20 felony counts in connection with a real estate fraud scheme.
The defendants are charged with multiple counts of Forgery, Procuring and Offering False or Forged Instrument, Identity Theft, and Grand Theft of Personal Property.
After receiving a fraud referral from the Los Angeles County Sheriff’s Department, investigators from the San Bernardino County District Attorney’s Office determined that in 2007, the suspects fraudulently filed false Deeds of Trust and Grant Deeds for properties in the cities of Fontana, California, and Baldwin Park, California.
Lee, a licensed real estate agent, and his wife Wang, are also suspected of assuming the identities of unsuspecting victims and using their credit profiles to obtain the residences and multiple credit cards.
Both Lee and Wang were arrested without incident on August 22, 2012, at their Fontana residence and booked at the West Valley Detention Center on $2.3 million each.
Lee and Wang are scheduled to appear for a Pre-Preliminary Conference on August 31, 2012, at 8:30 a.m. in Department 21 of the San Bernardino Superior Court. Deputy District Attorney Vance Welch is prosecuting this case.
“They would use the fraudulent credit cards to initially pay mortgage payments prior to renting the homes out,” said Senior Investigator Jamie Samaniego.