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, February 21, 2017
Foreclosure Rescue Operator Gets 18 To 48 Months In Prison For Role In Racket That Duped Financially Strapped Homeowners Into Paying Upfront Fees In Exchange For Fraudulent Bailout Promises
From the Office of the Nevada Attorney General:
Nevada Attorney General Adam Paul Laxalt announced that Alicia Ruiz, 45, of Las Vegas, was sentenced for two felony counts of theft, a category “C” felony, for her role in a foreclosure rescue scheme. The fraud was committed between December 2011 and May 2013.
Ruiz and two co-defendants operated a business known as “National Prevention Center” that defrauded homeowners using a foreclosure rescue scheme. Together, they solicited homeowners and promised their clients that they would purchase their foreclosed homes and then subsequently sell their homes at current value. After placing their trust in this business and paying thousands of dollars in upfront fees, clients’ homes were never purchased as promised, and the victims were not reimbursed. [Go here for criminal complaint]
Eighth Judicial District Court Judge David Barker sentenced Ruiz to 18-48 months in prison. Ruiz previously entered a guilty plea agreement that requires her to pay back five victims nearly $50,000 in restitution. Ruiz’s co-defendants have already pleaded guilty and were previously sentenced for their crimes.
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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