Orange County District Attorney, Press Release
For Immediate Release, Case # 12CF0623: May 9, 2013
FOUR MEN CONVICTED OF DEFRAUDING HUNDREDS OF VICTIMS IN REAL ESTATE LOAN MODIFICATION SCAM
*Hundreds of fake letters with CitiFinancial or CitiMortgage logos sent as part of scam
SANTA ANA – Four men were convicted yesterday, May 8, 2013, of defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services and sending fake letters with the CitiFinancial or CitiMortgage logos offering home loan modification assistance. Victim losses in this case are estimated to be in excess of $130,000. All four defendants are scheduled to be sentenced July 29, 2013, at 1:30 p.m. in Department C-57, Central Justice Center, Santa Ana. Continue reading