California Mortgage Fraudster Gets Prison in $10M Scheme

A federal judge has handed down a three-year prison sentence to a California man accused of mortgage fraud. So reports the Times-Herald.

Omar Anabo ran Capital Access LLC in Vallejo, Calif., with Sergio Roman Barrientos and Zalathiel Aguila, according to court documents. From Oct. 2004 to May 2007, the three men allegedly defrauded victims out of their homes and savings, and lenders out an estimated $10.47 million.

Barrientos and Auguila were each previously sentenced to 14 years and four years in prison, respectively.

Read the full article from the Times-Herald

Related Content

Being a Good Originator Isn’t Enough Anymore

Live Well CEO Gets a Breather on SEC Charges

Redfin Direct Expands to Massive California Market