Talk about unintended consequences. Every big-time banker saw Angelo Mozilo sell off stock and pocket $17 million per week during the final sunset of Countrywide, and then he walked with immunity. Who doesn't want that package? These people think they are above the...
According to this Ripoff Report, it looks like they were promising to set up the victims with new corporations, and get them credit in the corporate name too, for just an extra $20,000 - $30,000: Jacob Orona, Aide Orona, John Contreras, Prakashumar (“Kash”) Bhakta,...
They will probably pursue these transactions just like they went after Angelo Mozilo or the thousands of short-sale fraud cases.....from HW: http://www.housingwire.com/articles/37637-us-expands-investigation-into-money-laundering-by-foreign-cash-buyers The federal...
SAN ANTONIO -- The San Antonio Police Department has issued multiple arrest warrants for a man accused of stealing tens of thousands of dollars from a would-be homebuyer. Chris Hinojosa, 29, remained on the loose Thursday, two days after SAPD issued warrants accusing...
Remember the property manager who kept three months' worth of rent? The victim I know did get her money - but then the charges were reversed by the bank, and the entire $9,000 taken back. The property manager claims it's a big mix-up.
Buyer beware! He doesn't have a website, and he's not on Zillow: A Yorba Linda man is suspected of stealing more than $500,000 in a real estate fraud scheme and police believe there may be other victims, authorities said. Authorities arrested Andres Pacheco, 39, on...
The new guy named Jeremy wandered into the discussion about short-sale fraud the other day, and found that long-time readers here don't take kindly to scams - and scammers. But we've seen how short-sale fraud has run unabated, and that it has practically become a...
They nailed these guys for fraud....but only 18 months in jail? This is more than your standard short-sale fraud, and I'm surprised this doesn't happen more often. They just sent in a forged bank reconveyance showing that the mortgage had been paid (when it wasn't),...
We haven't heard anything about short sale fraud in a while - here's the latest:
Agents aren't known for asking a lot of questions - from Newsweek.com: http://www.newsweek.com/how-russians-launder-stolen-money-real-estate-407810 The numbers are staggering: Annually, $1 trillion is stolen by corrupt officials from countries around the globe. That...
