Los Angeles Man Gets Prison For Foreclosure Fraud
Los Angeles Man Gets Prison For Foreclosure Fraud
A Los Angeles man was convicted last week of conspiracy to commit fraud and eight counts of mail fraud for his role in a Central and Southern California foreclosure rescue scam.

According to investigators, employees of Star Reliable Mortgage Co., promised to eliminate troubled mortgages for homeowners facing foreclosure. The conspirators operated a classic “advance fee” scam.” In it, the conspirators told homeowners that they could eliminate their mortgages by paying fees of as much as $4,500 up-front in addition to monthly fees. In exchange, Star Reliable Mortgage would pay off the troubled loan.

Instead, the conspirators transferred the fees to their own personal accounts. In addition, they filed false trust documents with several county clerks’ offices. According to investigators, the scam may have netted as much as $875,000 in proceeds. At the same time, the affected banks may have lost as much as $4M and most homeowners lost their homes.

Two other conspirators pleaded guilty in the scam. The Los Angeles man will be sentenced in April. He could receive as many as 30 years in prison and a $1M fine.

Los Angeles Fraud Attorney


If you’ve been accused of fraud – whether in state or federal court – your first move should be to hire an experienced fraud attorney like Robert Helfend. For nearly 35 years, Robert Helfend has provided exceptional representation to thousands of Californians who have been accused of a wide range of crimes.

Mr. Helfend does not judge his clients based on what they have been accused of. Instead, he prepares the most effective defense possible given the circumstances of the case. His priority will always be to get charges against you reduced or dropped. When that isn’t a possibility, he will work toward achieving the most favorable resolution to each case.

Don’t rely on an inexperienced criminal defense attorney when your freedom is on the line.

Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County fraud case.

Photo Credit: Matt Hampel, via Flickr.com

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