Nevada Attorney, Two Others Indicted in Foreclosure Scam

Allison Tussey —  November 8, 2010 — 3 Comments

Ramon Dy-Ragos, a Nevada attorney, along with his partners Jesus Baca a.k.a Jesse Baca, and Luis O. Baca were indicted for allegedly operating a foreclosure rescue scam in Las Vegas, Nevada, during 2008 and 2009 under the business name of “Save Your House.”

Save Your House is alleged to have lured customers to pay large up-front fees – ranging from $1000.00 to $3995.00. The defendants informed the victims they could prevent foreclosure by having customers stop paying their mortgage and ceasing all contact with the bank holding their mortgage. The defendants falsely claimed they would modify mortgages through negotiation with the mortgage holders or suing the mortgage holders.

Attorney Dy-Ragos and Jesus Baca are indicted on two (2) B felony counts of Theft – Obtaining Money in Excess of $2,500 by material misrepresentation in violation of NRS 205.832(1)(c) and NRS 205.0835; (2) C felony counts of Theft – Obtaining Money of $250.00 to $2,500.00 by material misrepresentation in violation of NRS 205.832(1)(c) and NRS 205.0835 and one (1) Gross Misdemeanor count of Conspiracy in violation of NRS 199.480. Luis O. Baca is indicted on one (1) Gross Misdemeanor count of Conspiracy in violation of NRS 199.480.

The case was investigated and is being prosecuted by the Attorney General’s Mortgage Fraud Task Force within the Bureau of Consumer Protection. An initial appearance date has been scheduled for November 18th, in Las Vegas District Court Department 6.

An indictment is not a determination of guilt or innocence but is just a finding that there is probable cause that a crime was committed. The defendants are presumed innocent until proven guilty.

Anyone who has information regarding this case should contact the Attorney General’s Office at 702.486-3194 in Las Vegas or 775.684-1180 in Carson City.

“We need citizens to help identify mortgage fraud scams such as these so we can investigate and prosecute these individuals,” said Attorney General Catherine Cortez Masto. “If you feel you have been involved in a mortgage fraud scam, you should call my office at 702.486.3194.”

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Allison Tussey

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3 responses to Nevada Attorney, Two Others Indicted in Foreclosure Scam

  1. God will deal with him May 7, 2012 at 8:58 pm

    We were scammed by Tony Smith/The Smith Group too along with 4 friends in AZ. Last we heard, Tony is hiding our in Hondurus and Blieze.

  2. Does anyone know what happened at the initial appearance date which was scheduled for November 18th, in Las Vegas District Court Department 6.

  3. Foreclosure Assistance Scam Alert:
    Anthony Smith (Tony Smith)/The Smith Group
    PO BOX 471
    PORTSMOUTH, OHIO 45662-0471
    480-529-2471

    They promise to stop foreclosure, regardless and seem legitimate. They require 5,000 up front and monthly payment via cashiers check. They will have you in and out of court,sending numerous documents to the lenders, court and local papers. They insist you buy a dictionary of law terms, copyright your name, purchase no trespassing signs and move to have your case taken to federal court. Then, when that is denied, they will stop returning calls. Fell for it hook, line and sinker

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