Garden Grove Man Charged with $90,000 Loan Modification Fraud
Duy Khac Nguyen, 34 of Garden Grove was charged with allegedly defrauding 42 victims by operating a fraudulent loan modification business. The Orange County District Attorneys Office charged 37 counts of grand theft, 5 counts of theft from an elder and sentencing enhancements for the total loss being over $65,000.
Prosecutors allege that between February and July of 2010, Nguyen operated a company called HAMP Resources and claimed to be affiliated with the federal HAMP (Home Affordable Modification Program) program which was not true. Nguyen, guaranteed a refund of the modification fee if the consumer was deemed ineligible for the program. Nguyen then deposited the money into the business account and never did any loan modifications nor provided for any refunds but rather transferred the money to his personal bank account.
If convicted, Nguyen faces 33 years in state prison.