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Real Estate & Property Law

: The Home Equity Theft Reporter

California Man Gets 22 Year After Copping Guilty Plea For Running Ponzi Scheme, Fraudulent Sale Leaseback Equity Stripping Ripoffs

By r morris

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In Los Angeles, California, the Contra Costa Times reports:A Downey man whose financial fraud schemes preyed on blue-collar Latinos throughout the Southland was sentenced Monday to 22 years in federal prison for what a federal judge said was a case "close to my heart."(1)Juan Rangel, 47, who is already behind bars awaiting sentencing for a 2009 conviction for bribing a Bank of America branch

Full post as published by The Home Equity Theft Reporter on February 16, 2011 (boomark / email).

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