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, [...].

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