Monday, March 11, 2013

Elderly Scam Victim Loses 14 Rental Properties To Foreclosure After Entrusting Accused Perpetrator With Making Monthly Mortgage Payments Out Of Rent Collections; Suspect Hit With $250K Bail In Alleged $220K+ Ripoff

From the Office of the Ventura County, California District Attorney:
  • District Attorney Gregory D. Totten announced [] the filing of a felony complaint against Julietta Quinones ( DOB 3/12/68) of Port Hueneme. Quinones is charged with seven felony counts of grand theft, along with an aggravated white-collar crime enhancement alleging the thefts involved the taking of more than $100,000. The case was investigated by the District Attorney's Real Estate Fraud Unit.

    The 70-year-old victim owned 14 rental properties throughout Ventura County. The victim entrusted Quinones to make the victim's monthly mortgage payment on each property and provided the defendant with signed, blank checks for that purpose. Rather than pay each respective mortgage, Quinones used the victim's checks for personal expenses. As a result, the victim lost all 14 rental properties. Quinones is accused of stealing in excess of $221,708 over a period of three years.
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  • Quinones remains in custody in lieu of $250,000 bail and faces a maximum sentence of nine years in state prison.