Archives For California

Xue Heu, 38, Modesto, California, pleaded guilty to two counts of wire fraud in connection with a fraudulent real estate investment scheme wherein he gave investors fraudulent documents, such as grant deeds, HUD-1 settlement statements, and portfolio listings of properties he claimed he intended to purchase, including properties that had already been sold and were no longer available to purchase.

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Ebrahim Shabudin, 66, Moraga, California, was convicted by a jury on seven felony counts of conspiracy, securities fraud, and other corporate fraud offenses stemming from the failure of United Commercial Bank.

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Daniel Deaibes, 36, Rancho Cucamonga, California, pleaded guilty to participating in a scheme to steal title to Southern California homes, and then to “sell” the properties to unsuspecting buyers—who later learned they had actually purchased nothing.

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Sam Stafford, 59, formerly a resident of Campbell, California, now living in Temecula, California, a founder of the S3 Partners, was sentenced March 17, 2015 to 36 months on investment fraud charges. Continue Reading…

Joyce Esther De Armero, 37, San Jose, California, was sentenced to twelve months and one day in prison and ordered to pay restitution for her role in a real estate investment fraud scheme.

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Eliseo Jara Jr., 35, his wife, Melissa Jara, 34, and his brother, Sergio Jara, 33, all of Bakersfield, California, entered guilty pleas in connection with a $5.6 million mortgage fraud scheme in Bakersfield. Continue Reading…

Stephen Lyster Siringoringo, 34, Westminster, California, Joshua Michael Cobb, 32, and Alfred Orn Clausen, 41, Rancho Cucamonga, California have been charged for their alleged involvement in a major loan modification fraud scheme that resulted in losses of over 44 million dollars by unsuspecting victims.

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Arlene Jeanette Mojardin, 32, Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield.

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Anatoliy Azarov, 33, Sacramento, California, pleaded guilty to mail fraud for a mortgage fraud scheme involving 24 residential properties. The defendant and his co-conspirator convinced investors to purchase their inventory of properties at inflated prices and used the excess funds as working capital to continue their business. Continue Reading…

Gabriela Carter, 43, Sacramento, California, is the subject of an eight-count grand jury indictment charging her with bank fraud for allegedly submitting fraudulent loan applications to federally insured financial institutions to obtain real estate loans that her clients were not qualified to receive.

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