John Wilfred Curley, 37, Sacramento, California and Muhammad Adenwala, 30, Roseville, California were arrested by the Sacramento Police Department's Real Estate Fraud Unit on Friday in connection with their alleged involvement in a real estate scheme.
The Real Estate Fraud Unit ended a six-month investigation into allegations that Curley, owner of JC Lending in Sacramento, California and Adenwala, owner of Mountain View Mortgage and a certified notary public, were involved in a real estate fraud scheme. Investigators determined that Curley and Adenwala utilized information from customers to falsify quitclaim deeds. The suspects, without the customers’ knowledge, would record the forged documents and obtain loan proceeds from the false transaction.
It is uncertain how many customers were affected by this scheme but Investigators are asking anyone who conducted business with these suspects or businesses to immediately check their real estate records.
Curley (left) and Adenwala (right) were booked into the Sacramento County Jail charged with recording false documents, forgery, grand theft and conspiracy.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.