81 Year Old California Woman Faces Foreclosure After Alleged Refinancing Scam Robs Her Of Home Equity; Cops Charge Daughter In Law, Loan Agent

In Stanislaus County, California, The Modesto Bee reports:

• A Newman loan agent and a friend have been charged with defrauding the friend's 81-year-old mother-in-law out of her home's equity and thousands of dollars in annuities, causing her home to go into foreclosure. Susan Faustino, 49, and Diolinda M. Machado, 50, are scheduled to be arraigned April 11 in Stanislaus County Superior Court. They face felony charges of grand theft, obtaining property under false pretenses, forgery and making false financial statements. There are 29 counts against Machado and 12 against Faustino. Machado also has a single count of embezzlement from an elder adult, her husband's mother, Mary Machado of Newman.

For the details, see Women charged in loan scheme.

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