10 Indicted in $20M Real Estate Scam

[tabatha]

Ten people have been indicted in a $20-million wide-ranging real estate scam in California, according to the U.S. Attorney.

David Crisp, 31, was arrested Thursday night in San Diego. Carlyle Cole, 63, was arrested Thursday night in Ventura County. Julie Farmer, 42, Sneha Mohammadi, 49, Jayson Costa, 38, Jeriel Salinas, 29, Michael Munoz, 31, and Caleb Cole, 35, were arrested Thursday in Bakersfield. Robinson Nguyen, 30 was arrested Thursday in Monterey and Jennifer Crisp, 29, surrendered to authorities on Friday morning.

The ten are being charged in a 56-count indictment with conspiracy to commit bank, mail and wire fraud, and with individual counts of mail fraud.

“Certain of the defendants were also charged with wire fraud, bank fraud and conspiracy to launder money,” said U.S. Attorney Benjamin B. Wagner.

The indictment was unsealed on Friday. It alleges that the defendants perpetrated a scheme to defraud mortgage lenders from approximately January 2004 to September 2007.


http://www.nbcsandiego.com/around-town/real-estate/10-Indicted-in-20M-Real-Estate-Scam---114391844.html

This law enforcement action is part of the work being done by President Barack Obama’s Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes. One component of the FFETF is the national Securities Fraud Working Group, which is tasked with combating investment fraud schemes. For more information on the task force, visit StopFraud.gov.

http://www.turnto23.com/news/26575297/detail.html

[XemaSab]

1. 2 problems:

The headline has nothing to do with the article, and the article itself is way too long. :P

[tabatha]

4. Yep, the copy included stuff that was not supposed to be there.

Fixed 1 minute later, but too late for some.

[PBS Poll-435]

6. It's Friday

I can be "difficult".

:D

(will edit back my first response)

[tabatha]

7. That is not my first goof today - actually third.

Hmmm - need the weekend.

[XemaSab]

8. It's okay

:D

[PBS Poll-435]

2. :-)

:D

[slackmaster]

3. o'nt-day ost-pay our eather-way eport-ray, mmmmmmmkay?

:hi:

[RUMMYisFROSTED]

5. ...and the $14T one?

How's that working out?