Pair Plead Guilty To Scam That Fleeced Hopeful Homebuyers Out Of $900K+ Falsely Promised To Be Used As Downpayment Money; Suspects Pocketed The Cash, Failed To Buy The Homes

From the Office of the Nevada Attorney General:

• Nevada Attorney General Adam Paul Laxalt announced that Orlando Vera, 55, of Whittier, CA, pleaded guilty to one felony charge of mortgage lending fraud, a category “B” felony. His plea was a result of his role in a scheme to cheat several hopeful homebuyers out of $904,861. A month earlier, Vera’s co-defendant, Juan Robles, 35, of Las Vegas, pleaded guilty to a gross misdemeanor for the same scam. Their crimes were committed between November 2012 and January 2014.
  
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  Vera schemed to defraud potential Nevada homebuyers by promising to purchase houses using their substantial savings as down payments, but ultimately failed to buy the houses. [...] A third co-defendant, Christian Delgado, 39, of Las Vegas, will stand trial on April 4, 2016 for his role in the scheme.

Source: Attorney General Laxalt announces guilty pleas of two men for Cheating Homebuyers out of more than $900,000.