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.
Thursday, January 05, 2017
Illinois Man Gets Collared For Allegedly Ripping Off Homeowner-Couple Seeking To Refinance Mortgage, Causing Them To Lose Home To Foreclosure
From the Office of the Illinois Attorney General:
Attorney General Lisa Madigan  announced charges against a McHenry County man for defrauding a couple who was struggling to keep their home by deceiving them with a mortgage refinancing scam.
Carlos Meza, 56, of Lake in the Hills, was arraigned  in McHenry County Circuit Court on one count of continuing financial crimes enterprise, a Class 1 felony; one count of theft by unauthorized control over $10,000, a Class 2 felony; and one count of financial institution fraud, a Class 2 felony.
Madigan alleged that between May 1, 2013 and March 31, 2014, Meza stole thousands of dollars from Randy and Lori Stroh, a married couple Meza met at church, under the guise that he could help them refinance their home mortgage.
Meza led the Strohs to believe he had hired people to assist in the refinancing process and directed Randy Stroh to make checks payable to those people in various amounts. Instead of sending the checks to those individuals, Meza forged signatures and deposited the checks into his personal bank account. In the meantime, Meza had directed the Strohs to discontinue payments on their mortgage, and they have since lost their home.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
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