Calif. Resident Receives Prison Sentence For Mortgage Fraud

Posted by Patrick Barnard on July 25, 2016 No Comments
Categories : Mortgage Servicing

A California man has been sentenced to prison for a mortgage loan modification scheme that defrauded homeowners in Connecticut and other states, according to an Associated Press (AP) report.

Connecticut U.S. Attorney Deirdre Daily says 33-year-old Aria Maleki of Santa Ana, Calif., was sentenced to nine years in prison on Monday in federal court in Bridgeport. Maleki pleaded guilty on March 22 to conspiracy to commit mail and wire fraud, says the report.

Prosecutors say Maleki and others ran a series of California-based companies that falsely purported to provide home mortgage loan modifications and other debt relief services in exchange for upfront fees ranging from approximately $2,500 to $4,300.

Prosecutors say more than 1,000 homeowners suffered losses totaling more than $3 million through the scheme, according to AP.

The report says Daily thanked federal and state law enforcement partners in New England, New Jersey, California and Oklahoma for investigating.

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