More On Indictments Of Beverly Hills Real Estate Agents And Appraisers
(Originally posted 8-4-07; revised 8-7-07; 8-8-07)
The Los Angeles Times reported last week on the indictments of high-profile Beverly Hills real estate agents Joseph Babajian and Kyle Grasso, with Prudential California Realty, along with appraisers Lila Rizk of Trabuco Canyon and Scott Robinson of Dana Point. They are charged with joining in a sophisticated scheme that lenders said cost them more than $40 million in fraudulent loans for homes in some of Southern California's most expensive neighborhoods.
Prosecutors filed a two part indictment. For Part 1, see U.S. vs. Babajian, et al - Part 1 (22 pages, .83 MB approx.).
Unfortunately, Part 2 of the indictment is a little too large for me to upload on this humble blog of limited resources. If you want Part 1 & 2, you can drop me an e-mail at:
and I'll be glad to send it to you (Be sure to put the words "U.S. vs. Babajian, et al - Part 1 & 2" in the subject line). Alternatively, you can go directly to the document link on the U.S. Courts' PACER website and get it there directly (link #2 - "Part II Indictment"; 63 pages; approx 2.5 MB - $2.40 cost). PACER registration required.
The Los Angeles Times reported last week on the indictments of high-profile Beverly Hills real estate agents Joseph Babajian and Kyle Grasso, with Prudential California Realty, along with appraisers Lila Rizk of Trabuco Canyon and Scott Robinson of Dana Point. They are charged with joining in a sophisticated scheme that lenders said cost them more than $40 million in fraudulent loans for homes in some of Southern California's most expensive neighborhoods.
Prosecutors filed a two part indictment. For Part 1, see U.S. vs. Babajian, et al - Part 1 (22 pages, .83 MB approx.).
Unfortunately, Part 2 of the indictment is a little too large for me to upload on this humble blog of limited resources. If you want Part 1 & 2, you can drop me an e-mail at:
and I'll be glad to send it to you (Be sure to put the words "U.S. vs. Babajian, et al - Part 1 & 2" in the subject line). Alternatively, you can go directly to the document link on the U.S. Courts' PACER website and get it there directly (link #2 - "Part II Indictment"; 63 pages; approx 2.5 MB - $2.40 cost). PACER registration required.
For the initial L.A. Times story, see Brokers to Westside elite accused of fraud
For the L.A. Times follow-up story, see Two Beverly Hills agents suspended by brokerage.
Go here for the official FBI Press Release - Westside Real Estate Agents And Appraisers Indicted In Multi-Million Dollar 'Property-Flipping’ Fraud Scheme.
Go here for all posts on this story.
posted by Home Equity Theft Reporter at 1:11 PM
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