Tampa Cops Arrest Suspect For Grand Theft & Organized Fraud In Alleged Foreclosure Rescue Scam

In a story that I apparently missed (and one that I'll file in the "better late than never" department), an August 4, 2007 article in The Tampa Tribune reported a story on a now defunct, Central Florida based foreclosure rescue operator known as 4 Solutions, its director Jose Oliveri, and a U.S. Secret Service investigation into the company for possible rescue scams that the Oliveri and the company may have engaged in.

In addition to this investigation, however, (and this is the part I missed) it appears that the local Tampa city cops jumped into the fray with their own foreclosure rescue criminal investigation, according to this excerpt buried in the article:

• Oliveri's wife, Carmen Maria Oliveri, was arrested by Tampa police June 7 on charges of 'grand theft of $100,000 or more' and 'organized fraud over $50,000.' According to the arrest report, in August 2005, Carmen Maria Oliveri 'entered into a scheme to defraud' a homeowner. The report states that 'Jose and Carmen presented terms of a loan without disclosing to the victim that he was signing over the rights to the property' to 4 Solutions. The company sold the property without the person's knowledge. On June 7, the day of her arrest, Oliveri accepted a check for $2,400 from 'the victim,' saying they could buy back the property if they paid $30,000 and could get financing, according to the report.

For the article, see Foreclosure Prevention Company Is Under Investigation.

Go here for other posts on 4Solutions.

For more on equity stripping scams, generally, see DREAMS FORECLOSED: The Rampant Theft of Americans' Homes Through Equity-stripping Foreclosure 'Rescue' Scams (4.61 MB approx.).