Sunday, July 19, 2015

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.

    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.

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