Sacramento, ca, Calif. – Into Friday, shortly after a half dozen-big date demo, a federal jury found Jaime ento, accountable for you to definitely count away from conspiracy in order to going cord fraud, You.S. Attorney McGregor W. Scott announced.
You.S. Attorneys Scott stated: Mayorga and you will Rodriguez grabbed advantage of members of brand new Latino society just who hoped to become people and you may manipulated the genuine estate processes for personal acquire. Once the many times occurs in this type of times, the end result try loss on the loan providers and areas strained which have foreclosed attributes. Our company is grateful into diligence and reliability of your own FBI inside the examining this case.
On , Mayorga, Rodriguez, and you can four others were billed by the indictment which have conspiracy to help you to visit cord swindle. New defendants, together with Mayorga and Rodriguez, worked for Delta House & Financing, a sacramento, ca-oriented home and you will home loan lending company that falsified financial programs discover mortgages to possess borrowers, several of who failed to and may not be eligible for good mortgage without the lays submitted from the Delta group. Mayorga and you can Rodriguez was basically real estate professionals and you may financing officers. The fresh now defunct Delta House are created from the co-defendant Mento.
According to documents, Delta launched that place of work during the 2003 and eventually had several organizations inside the Sacramento, ca, with additional part organizations when you look at the Forest, Yuba Urban area, and you can Southern area California loan places Lone Tree. Continue reading
