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Federal Crackdown On Mortgage Loan Fraud

Federal Crackdown On Mortgage Loan Fraud

Federal Crackdown On Mortgage Loan Fraud

The Federal Trade Commission in conjunction with California Attorney General Edmund G. Brown issued nearly 200 cease-and-desist orders against fraudulent loan modification companies operating in 19 US states, including California.

One of the agencies named is in Aliso Viejo, in Orange County. The FTC alleges that Lucas Law Center fraudulently advised clients to stop paying their mortgages and pay the firm nearly $4,000 to help negotiate fraudulent mortgage loan modifications. A second Orange County firm, US Foreclosure Relief Corp,. also received a cease-and-desist order.

Brown's office filed lawsuits in Los Angeles County and Orange County against five California companies, alleging that the companies gave misleading advice, forged documents and falsified financial documents related to mortgages. One Newport Beach man was arrested for misappropriating the name of the Department of Housing and Urban Development for use in his mortgage loan modification business.

If you've been arrested on federal charges of fraud, embezzlement, grand theft or a related crime, or named in a federal indictment, you need the assistance of an experienced aggressive federal criminal defense attorney like Robert Michael Helfend.

Federal prosecutors are aggressive and have extensive resources at their disposal to ensure your conviction. That's why it's exceptionally important to have an experienced aggressive federal criminal defense attorney with you throughout the judicial process. Contact Robert Helfend today for a free consultation on your federal criminal defense matter today.

Photo Credit: Damon D'Amato, via Flickr
10490 Santa Monica Blvd. Los Angeles, CA 90025

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