F'closure Rescue Operator Gets 6+ Yrs For Running Racket Purporting To File Legitimate Lawsuits Pitting Borrowers & Banks Over Lending Law Violations

From the Office of the U.S. Attorney (Sacramento, California):

• United States Attorney Benjamin B. Wagner announced that [] United States District Judge Lawrence J. O'Neill sentenced George Eggleston, 65, of Las Vegas, to six years and nine months in prison, to be followed by three years of supervised release.
• Eggleston had previously pleaded guilty to charges he committed mortgage fraud and had operated a mortgage foreclosure rescue scheme to defraud homeowners facing foreclosure. The court also ordered Eggleston to forfeit $364,899, and to pay restitution to the victims of his offense. The actual amount of restitution has yet to be determined.
• According to court documents, Eggleston, who did business as Nexxus and Global Legal Associates, admitted he told homeowners in California and elsewhere that he could save homes nearing foreclosure.
• Through his websites, he falsely and fraudulently represented that his companies used and managed attorneys to file lawsuits against foreclosing lenders for violations of state and federal laws. Eggleston claimed that Nexxus could stop and reverse any pending or completed foreclosure. Victims each paid Eggleston $1,000 per month for his services, and in total Eggleston received more than $100,000 for his fraudulent scheme. Eggleston used the money for his own personal expenditures and not for the benefit of his clients.

For the U.S. Attorney press release, see Las Vegas Man Sentenced For A Foreclosure-Rescue Scheme And Mortgage Fraud.