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Orange County man pleads guilty to defrauding victims in foreclosure scam

Orange County man pleads guilty to defrauding victims in foreclosure scam

Orange County resident Sergio Sanchez Santibanez has plead guilty to felony grand theft and felony foreclosure consultant fraud. The charges were the result of an investigation conducted by the District Attorney’s Real Estate Fraud Unit. The charges arose from a fraudulent short sale and foreclosure rescue program called Foreclosure Legal Services (FLS) based in the […]

Employee convicted in short-sale scheme after bilking Bank of America for 5.7 million

Employee convicted in short-sale scheme after bilking Bank of America for 5.7 million

By Jennifer Felten A former Bank of America employee has been sentenced to 30 months in federal prison after pleading guilty to taking more than $1.2 million in bribes to approve artificially low-price short sales of properties on which the bank held mortgages. In addition to the prison term, Kevin Lauricella was ordered to pay […]