Sunday, February 20, 2011

Ex-Mortgage Broker Faces 39 Counts For Allegedly Ripping Off Clients Of $1.3M Cash, Property

In Santa Cruz, California, the Santa Cruz Sentinel reports:
  • Louisa Katrina Dubinsky, the 54-year-old former real estate broker who allegedly stole more than $500,000 from clients in 2007, turned herself in to Santa Cruz police [...]. Dubinsky was wanted on 39 counts of embezzlement, financial elder abuse and writing hundreds of thousands of dollars in bad checks, according to a 2009 criminal complaint filed by the District Attorney's Office.

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  • Dubinsky was president of Vision Lending & Investment with offices on 41st Avenue in Capitola and at the Sash Mill in Santa Cruz, authorities said. She had been a mortgage broker, and her license was revoked by state officials in 2008.

  • Among other charges, the complaint alleges that she wrote two checks she knew were fraudulent that totaled $726,564 to one person and two that totaled $375,000 to another person. Dubinsky showed a pattern of criminal conduct and stole more than $500,000, prosecutors said, and she also allegedly took property valued at more than $200,000.

For the story, see Local 'Most Wanted' broker, Louisa Dubinsky, turns herself in to Santa Cruz police.