Several people have been charged in a multi-million dollar mortgage fraud scheme involving a six properties in Los Angeles County, authorities said.
The suspects stand accused of obtaining titles to the properties, getting loans in the names of straw buyers and then selling the residences at inflated prices, the Los Angeles County Sheriff's Department said.
Two of the home loans were in names of victims of ID fraud, authorities said.
The suspects allegedly used fake bank account and employment documents, according to authorities.
The suspects were identified as Gerard A. Bueno, 35, of La Habra Heights; Jesus Vega Jr., 28, of Hacienda Heights; Andres Victoria, 26, of Albany, N.Y.; Alejandro Valdelmar, 44, of Long Beach; Jose Carlos Henriquez, 42, of Lynwood; George H. Kent, 66, of La Mirada; Laura Garcia, 31, of Paramount; Beatriz Miranda, 56, of Hawaiian Gardens; and Michael Palomares, 27, of Compton.
The case was investigated by the Sheriff's Department and the U.S. Department of Housing and Urban Development Office of Inspector General.
For a free consultation with a mortgage fraud defense attorney, contact Pilchman & Kay.