Megan Elizabeth Zucaro (DOB 7/11/70), of Thousand Oaks, was sentenced to 365 days in jail by Judge Anthony Sabo. Zucaro had previously pled guilty to one felony count of diversion of construction funds. The investigation and prosecution of Zucaro was conducted by the District Attorney’s Office Real Estate Fraud Unit.
Zucaro, a local real estate agent licensed by the California Department of Real Estate (DRE), targeted a 91-year-old victim in Piru. Zucaro first convinced the victim to give her a 50 percent interest in his property so she could obtain a loan to develop the property on his behalf. Zucaro paid nothing in return for her interest in the property, currently valued at approximately $2 million. After being added onto the property’s title, Zucaro then stripped the property of its equity by using it as collateral for a hard-money loan. After prepaid interest and loan fees were deducted, Zucaro received net proceeds of $165,000. Within 30 days of receiving the $165,000, Zucaro spent the funds on personal expenses completely unrelated to developing the victim’s property.
Zucaro was sentenced to 365 days in jail and placed on 60 months of felony probation. She was also ordered to pay $300,200 in restitution to the victim and must surrender her real estate license to the DRE.
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Megan Zucaro did this to my 91-years-old father and 89-year-old mother! My parents came from very humble backgrounds. They worked hard to provide a home for themselves and their children and they were proud of what they had accomplished. Then they met the sly, sneaky and lying Megan. Now, they are struggling to save their property, which they will inevitably lose. Megan Zucaro creates a façade to appear successful in order to defraud others of their resources. She is devious. Now that she has lost her real estate license, she is converting her business into a church, which will give her another means to rob the vulnerable people
In my parents’ case, she stole their money, property, pride, dignity, and confidence. Megan Zucaro is a con woman and a fake. As the Prosecuting attorney said it, she is a sociopath. She has no regard for how she hurts others. Megan Zucaro shamelessly is looking out only for herself.
This is good news that she was caught. It would be interesting to know how she was found out.