Linda Rose Gagnon, 59, Irvine, California, was sentenced to 37 months in federal prison for defrauding a group of Roman Catholic Sisters out of $285,000, which she misappropriated and spent for her own use after promising to use the money to help the nuns purchase a retirement home.
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John Hagener, 77, Granite Bay, California, and Dawn C. Powers, 43, Lincoln, California, separately pleaded guilty to conspiracy charges.
Timothy William Barnes, 37, formerly of San Luis Obispo, California, a real estate broker pleaded guilty to orchestrating a property flipping scheme in which he purchased houses in short sales at artificially low prices and immediately resold the properties at their true market value.
Charles Gonzales, Alamo, California, a Northern California real estate investor, has agreed to plead guilty to his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
Seven suspects who have been charged in a mortgage fraud scheme that defrauded more than 1,550 Inland Valley, California, homeowners seeking loan modification services during the foreclosure crisis have been arrested.
Carlyle “Carl” Lee Cole, 66, Bakersfield, California, was sentenced by United States District Judge Lawrence J. O’Neill to 17 years and seven months in prison and Caleb Lee Cole, 37, Bakersfield, was sentenced to six months in prison for charges stemming from their involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.
Claudia Montes, 41, San Diego, California, was sentenced to 20 months in prison and ordered to pay $1,337833.16 in restitution for her role as a straw buyer in a mortgage fraud scheme.
Ismael Cancinos and Mercedes Alvarez have been arrested and charged with 86 felony counts of real estate fraud.
Jun Michael Dirain, 41, Antelope, California, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme.
Christopher Jackson, 46, Elk Grove, California, after a seven day trial, was found guilty of all six counts charged against him.