Thursday, August 07, 2008

San Bernardino DA Charges Sisters In ID Theft, Forgery, "Lease To Own" Scam

The San Bernardino, California District Attorney's Office announced:
  • [B]arbara Rader, 37, of Fontana and America Adame, 45, of Lake Elsinore were arrested at the San Bernardino County District Attorney's Real Estate Fraud Unit Offices for real estate fraud related offenses.

  • Rader and Adame are sisters who used their business, Highpoint Professionals in Pomona, to obtain personal information on victims in order to forge real estate documents. Rader, who is a notary public, notarized the documents her sister forged to purchase three homes in San Bernardino and Riverside Counties. The homes were purchased without the victims’ permission or knowledge.

  • The two suspects then leased the homes with an option to buy to additional victims who unwittingly paid the closing costs on the purchases, allowing the suspects to make substantial profits on the sale and purchase of the homes. The total dollar was over $1,000,000.00.

Source: Press Release: Sisters Arrested in Real Estate Fraud Scheme.