Los Angeles resident arrested for allegedly defrauding victim in refi scheme

check arial, price sans-serif; font-size: 12pt;”>Los Angeles County resident Juan Carlos Guerra (DOB 5/05/86) was arrested for grand theft. The charge is the result of an investigation conducted by the District Attorney’s Real Estate Fraud Unit.

generic arial,sans-serif; font-size: 12pt;”>The victim sought refinancing assistance from a Burbank business called Planet Investment Group. She was directed to the defendant, who was an employee. Over time, the defendant instructed the victim to deposit varying amounts of money into bank account numbers provided by the defendant, purportedly to assist with her refinancing effort. The investigation revealed the bank accounts were unrelated to the victim’s lenders and included the defendant’s personal banking account. Over a period of four years, the victim deposited $44,000 into these accounts.

The defendant was released on bond and is scheduled to appear for arraignment in courtroom 12 of the Ventura Superior Court, County of Ventura on May 3, 2016, at 9:00 a.m.

FRAUD

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