Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Tuesday, August 23, 2016
Southern California Man Gets 8+ Years After Copping Plea To Using Fraudulent Cashier Checks To Buy Houses, Other Property At Public Auctions
From the Office of the Los Angeles County, California District Attorney:
A 46-year-old man was sentenced [] to more than eight years in state prison for using fraudulent cashier checks at auctions to buy property, the Los Angeles County District Attorney’s Office announced.
Lamar Adams pleaded guilty to one count each of grand theft, identity theft and procuring and offering a false or forged instrument and was immediately sentenced by Los Angeles County Superior Court Judge Dorothy Reyes to eight years and four months in prison.
Deputy District Attorney Daniel Kinney of the Real Estate Fraud Section prosecuted the case.
Adams attended property auctions in Los Angeles County and took fake cashier checks to purchase homes or other property. He managed to obtain title to property through the scam and received more than $500,000 in fraudulent loans or refunds.
Case BA446281 was investigated by the Los Angeles Police Department Real Estate Fraud Section of the Commercial Crimes Division.
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