More On Sacramento Area Alleged Mortgage Fraud Scam
A May 10 report by KCRA Channel 3 reports that:
- "Many industry insiders have been sounding off about [Jim] Martin and his partners and are calling for a federal investigation. Mike McGee, past president of the California Association of Mortgage Brokers, said Martin and others deserve to be prosecuted. Since KCRA 3's investigation, Martin and his partners have switched business names. They are now operating at Esnian Mortgage and Realty Network."
- Jim Martin, VFM Investment Group LLC, Gabriel Viramontes, Freedom Capital Mortgage, Inc., Joseph S. Gallo, Esnian Mortgage & Realty Network, Mario Fellini III, real estate agent Yajen Huang - aka Jennifer Huang, and others.
Go here to watch the latest KCRA report (no longer available online).
For previous online reports from KCRA on the Elk Grove mortgage fraud, see:
- Investors Say They Were Duped In Real Estate Scam (Many File Lawsuits Alleging Fraud, Conspiracy) April 30, 2007
- Real Estate Scheme Probably Broke Laws, Expert Says (Investors Say They Were Tricked) May 1, 2007
- Foreclosures Hurting Local Property Values (Many Homeowners Forced To Take Loss) May 2, 2007
To watch the previous KCRA Channel 3 Elk Grove mortgage fraud TV reports by Josh Bernstein (no longer available online):
- Elk Grove Mortgage Fraud Part 1
- Elk Grove Mortgage Fraud Part 2
.
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