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
Two Real Estate Agents Get Bagged For Allegedly Falsifying Real Estate Transaction Documents To Dupe Lenders Into Taking Haircuts On Loans To Facilitate Short Sales, Leading To Over $500K In Losses
From the Office of the Santa Barbara County, California District Attorney:
Santa Barbara County District Attorney Joyce E. Dudley announced  that Angelo Gabriel Naemi was arrested on five counts of Grand Theft by False pretenses in violation of Penal Code Section 532(a), and one count of Conspiracy to Commit Grand Theft in violation of Penal Code Section 182(a)(1). The criminal complaint alleges losses of over $500,000 to victims.
Steven Paul Gonzales was charged with one count of Conspiracy to Commit Grand Theft.
The complaint alleges that Naemi, a real estate salesperson, and Gonzales, a real estate broker, conspired to falsify documents in association with numerous short sale transactions. Their actions allegedly resulted in a loss to Fannie Mae and Freddie Mac of over $500,000.
The Santa Barbara County District Attorney’s Office investigated this case in conjunction with the Federal Housing Finance Agency, Office of Inspector General, Los Angeles Field Office. Naemi’s bail is set at $395,000, [...].
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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