Omar Paz, 52, San Bernardino, California, was arrested by investigators from the San Bernardino County District Attorney’s Real Estate Fraud Prosecution Unit at his place of employment in the city of Monrovia. Co-defendant, Christi Fry, 56, West Covina was also arrested without incident at her place of work in the city of Covina. The pair was arrested for real estate fraud-related criminal charges. Paz and his former wife had owned a home in the city of Rancho Cucamonga, California. Paz decided to sell their home after a domestic dispute and filed for divorce. During the real estate transaction, Paz forged his former wife’s signature on the disclosure forms, escrow instructions and grant deed. Fry, also formerly known as Christi Martin, was the escrow officer and notary for the fraudulent transaction.
The property sold for approximately $470,000. The excess proceeds, in the amount of $83,538.66, was wired into the joint account of Paz and his former wife. Approximately 10 days later, Paz transferred $77,054 into his personal money market advantage account for which his former wife did not have access. She discovered her name had been forged on the disclosure forms, escrow instructions, and grant deed during her divorce proceedings. The California Secretary of State’s Notary Division conducted a separate administrative investigation and revoked Fry‘s notary commission due to this fraudulent transaction.
After a thorough criminal investigation, Paz was charged with Conspiracy, Forgery, Grand Theft, Money Laundering and Offering a forged document to be recorded. Fry was charged with (1) Count of Conspiracy.
Paz‘ bail was set at $850,000.00 and Fry‘s bail was set at $450,000.00.