Investigators Shut Down Mortgage Fraud Ring

admin —  December 15, 2009 — 1 Comment

Juan Sopprani, 31, Rancho Cucamonga, California, Karen Sopprani, 28, Rancho Cucamonga, California, Luis Molina, 41, Pomona, California and Earl Gutierrez, 36, Rancho Cucamonga, California, were arrested in connection with a mortgage fraud scheme.

On March 30, 2006, Juan and Karen Sopprani sold their home in Fontana to the victim and subsequently purchased a home in Rancho Cucamonga, California for over $870,000 using the victim’s stolen identity. The victim discovered her identity had been stolen after the victim applied for credit to purchase a home appliance.

Juan Sopprani was operating his own loan company in Rancho Cucamonga during that time. The victim was contacted by Luis Arturo Molina, Karen Sopprani’s uncle, and she gave him personal confidential information to be pre-qualified to purchase a home. However, the victim changed her mind and told Molina to cancel the transaction.

The notary public was identified as Earl Richard Gutierrez, Juan Sopprani’s brother-in-law. The victim never appeared before Gutierrez, who notarized the falsified loan documents, deeds of trust and grant deeds in these fraudulent real estate transactions. The suspects were arrested without incident and transported to the Sheriff’s West Valley Detention Center in Rancho Cucamonga with a bail of $2,422,000.

Investigators from the San Bernardino County District Attorney’s Real Estate Fraud Unit arrested three of the suspects and caused a fourth suspect to surrender himself.

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One response to Investigators Shut Down Mortgage Fraud Ring

  1. Wow you son of a bitch . Obviously you didnt learn the first time . Taking advantage of people who work hard to get their homes, and for you to just run off with their money. Hope you and whoever helped with this scheme pay for what youve done . Earn your money dont steal from others. Set an example for your children. Hope
    you make better choices in the future . But from the looks of it doesnt seem like youll learn .

    People beware of this person , he is still committing fraud .

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