Archives For California

Michael Pitamber Ramdat, 30, Palm Bay, Florida, was sentenced to 21 months in prison and ordered to pay restitution for a fraud scheme he perpetrated against business owners and others seeking lines of credit around the nation.

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Three men and two women have been charged with committing loan modification fraud by targeting Hispanic victims throughout Southern California. Three of the defendants are family members and are charged with leading a family-run home loan modification ring and illegally charging victims for services that they did not provide.

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Charles Espinel, 61, and Jeannette Espinel, 59, of both Daly City, California, a former 32 year FBI employee and his wife, were sentenced on January 14, 2015, to 90 days in prison plus six months location monitoring and 200 hours of community service for misrepresenting their income in loan applications.

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Vickie Fuentes, Fresno, California, was sentenced to 5 years local prison and ordered to pay restitution to 33 homeowners in the amount of $142,599.99.

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Maziar Bordbar, Saeid Yarandi, Pamela Gressier, Nathaniel Ferrer, Roberto Durano, and Joel Valdellon have been charged with running a loan modification scam in Orange County, California, wherein the defendants allegedly promised modifications in exchange for upfront fees.

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Thomas Franklin Tarbutton, Orange County, California, an alleged hard money lender, has been charged with running a real estate ponzi scheme, embezzling funds from investors by keeping the money they lent for borrowers and not funding the loans as promised.

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Charles Rock, a Northern California real estate investor, pleaded guilty for his role in bid rigging and fraud at public real estate foreclosure auctions in Northern California.

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Daniel Rosenthal, 31, Yorba Linda, California, was arraigned on charges of submitting fraudulent loan applications to three Bay Area banks using a false name and then laundering more than $2.5 million in fraudulently obtained proceeds.

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Seven defendants were sentenced for their roles in a huge mortgage fraud scheme that was charged in 2008. A federal grand jury brought two indictments that charged 19 people in a fraud scheme that promised to help homeowners avoid foreclosure and repair their credit. Most defendants have pleaded guilty or have been convicted by juries.

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Juan Ramon Curiel, 36, Visalia, California, pleaded guilty to conspiracy to commit mail fraud and bankruptcy fraud in connection with a foreclosure rescue scheme he orchestrated. Curiel’s co-defendant and business partner, Santiago Palacios-Hernandez, 45, Salinas, California, pleaded guilty to the same conspiracy charge.

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