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  1. #1
    Senior Member magyart's Avatar
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    8 illegals jailed in fraudulent home-buying scheme - CO

    8 illegals jailed in fraudulent home-buying scheme
    By DDN STAFF REPORT - October 25, 2006

    Eight illegal immigrants were arrested Tuesday for purchasing homes using fraudulent citizenship and/or financial documentation, said the Jefferson and Gilpin counties District Attorney yesterday.

    The homes were sold by participants of a mortgage fraud ring operating in Jefferson County. Between July and September 2005, the District Attorney’s Office indicted 10 people as part of that operation, following a lengthy investigation by the Gaming Division of the Colorado Bureau of Investigation.

    The defendants were doing business out of the ReMax 100 Office in Lakewood. In three separate indictments, the alleged illegal activity was the same: realtors, loan officers and sales agents were accused of working together to sell single-family homes to 256 persons who, because of their citizenship and/or financial circumstances, were not qualified for home loans.

    According to the indictments, the defendants in the mortgage fraud ring were able to obtain loans for the unqualified buyers by creating false documents concerning the homebuyer’s identity, employment and credit history, showing that the unqualified homebuyers were in the United States legally, and then submitting these false documents to legitimate mortgage lenders.

    Each defendant earned commissions or other financial remuneration for each of the fraudulent house sales.

    “The illegal activities involved in the sale and the purchase of these homes constitutes identity theft as well as mortgage fraud,” said District Attorney Scott W. Storey. “All of the social security numbers used in these transactions belong to actual people. It is our job as protectors of the public trust to hold anyone who breaks the law accountable for their conduct.”

    Those arrested include: Edgar De La Rosa, 28; Manuel Barron, 43; Adela Hernandez, 37; Ruben Martinez, 26; Ventura Moreno, 39; Manuel Jilenez-Galindo, 29; Arturo Flores, 41; Inocencio Landa-Madera, 23.
    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

    If it can happen in CO., it can happen in any state. I hope these people get serious jail time.

  2. #2
    BooKay's Avatar
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    Coincidentally, my daughter lives in Jefferson County and works in Gilpin County. I'll be following up on this! Her neighborhood ( all single-family homes) has several houses inhabited by what appear to be three , four, or five families per house. Interesting!

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    I live in Arapahoe county. Good to see Jeffco on the ball. Bill Ritter would have called the welcome wagon for these clowns
    AMERICAN WORKERS FIRST -- A RAID A DAY KEEPS THE ILLEGALS AWAY

  4. #4

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    I wonder how they got their Real Estate license.
    "One Flag ... One Language ... ONE COUNTRY"....... Teddy Roosevelt

  5. #5
    Super Moderator Newmexican's Avatar
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    magyart, Could you add the link to this story? I would like to send it and would like the source material.

    Thanks
    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  6. #6
    Senior Member magyart's Avatar
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    Posting link per your request. Glad to help. Good luck.

    Quote Originally Posted by Newmexican
    magyart, Could you add the link to this story? I would like to send it and would like the source material.

    Thanks
    Here's the link:
    http://www.thedenverdailynews.com/?page ... &t=Archive

    Here's a 2nd article concerning additional crooks in CO:
    http://www.flippingfrenzy.com/category/colorado/

    Colorado Agent Sentenced to Four Years and Fined $1.2 Million in Fraud CaseThe United States Attorney for the District of Colorado announced yesterday that Lakewood, Colorado, real estate agent William Mendez, age 41, has been sentenced to serve a little over four (4) years in federal prison for his role in a massive mortgage fraud scam involving illegal aliens. U.S. District Court Judge Wiley Daniel additionally slapped Mendez with a fine totaling more than $1.2 million.

    Mendez was indicted by a federal grand jury back in September of 2005. He pled guilty in March of this year, and as part of his plea agreement, agreed not to work in any facet of real estate, whether as a broker, lender, mortgage banker or investor.

    Seven other people were indicted for participating in the fraud, which involved preparing hundreds of false and fraudulent residential home loan applications for illegal aliens that were insured by HUD through the Federal Housing Administration. According to the U.S. Attorney, Mendez also made payments to loan officers to insure the approval of the applications.

    According to the Mendez’s plea agreement, starting back in 1999, he began developing practices that allowed him and his other real estate agents and employees to assist clients whom they knew to be illegal aliens or otherwise unqualified, to receive home mortgages to purchase homes.

    Since 2003, the U.S. Attorney’s office in Denver has brought 12 indictments, charging 84 defendants with mortgage fraud–and most of these cases involve illegal immigrants, says U.S. Attorney’s spokesman Jeff Dorschner, according to the Denver Post.

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