Oregon Scam Victimizes Latino Homebuyers
The Oregon attorney general is trying to negotiate plea agreements with real estate and mortgage agents accused in a housing scam that involves approximately 100 Latino victims. The state’s case is pending in Yamhill County Circuit Court, Oregon.
Indicted in April were:
Eddy Morales, formerly with Infinity Investments, McMinnville, Oregon – one count of racketeering, seven counts of mortgage broker fraud, three counts of first-degree theft, two counts of obtaining documents by deception and a single count of aggravated first-degree theft.
Juan Carlos Morales, formerly with City Lending, McMinnville, Oregon – one count of racketeering, 10 counts of mortgage broker fraud, six counts of first-degree theft, two counts of first-degree forgery and one count each of second-degree theft and obtaining documents by deception.
Douglas Pleitez, formerly with Re/Max Realty, McMinnville, Oregon – one count of racketeering, three counts of first-degree theft, two counts of mortgage broker fraud and one count of conspiracy to commit first-degree theft and one count of obtaining documents by deception.
Guadalupe Pleitez, formerly with Bancasa Mortgage, Hillsboro, Oregon – one count each of racketeering, mortgage broker fraud and conspiracy to commit first-degree theft.
Samuel Pleites, formerly with Re/Max Realty, McMinnville, Oregon – one count of racketeering, three counts of first-degree theft and one count each of conspiracy to commit first-degree theft, first-degree forgery and obtaining documents by deception.
Patricia Tellez, formerly with City Lending, McMinnville, Oregon – one count of mortgage broker fraud.
Mauro Valerio, formerly with City Lending, McMinnville, Oregon – one count of first-degree forgery.
Cristobal Vilorio, formerly with City Lending, McMinnville, Oregon – one count of racketeering, eight counts of mortgage broker fraud, six counts of first-degree theft and one count of second-degree theft.
The alleged fraud scheme was first discovered in January when victims became concerned about the paperwork for the house on which they’d been making mortgage payments for a year. They spoke with a detective who discovered after investigation that they hadn’t actually purchased the house and had been paying someone else’s mortgage payments. It is alleged that fraudulent loans were procured and that fraudulent information was included on the applications.
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