FRAUD I MORTGAGE FRAUD – 3 Arrested in $7 Million California Mortgage Fraud Scheme Targeting the Elderly, 3 Victims Live in San Diego
October 21, 2019
Last week three arrests were made in connection to an elderly fraud scheme that targeted susceptible senior homeowners. The victims, many of whom were elderly and in financial distress, sought mortgage relief services from Grand View Financial LLC. Grand Financial LLC fraudulently acquired title to victims’ homes by making false representations.
Grand View Financial LLC’s three officers: Steven Rogers, Robert Sedlar and Audrey Ganhave been indicted for running a mortgage fraud scheme throughout California, including San Diego County. The three officers have been arrested on a 121-count felony indictment for allegedly operating a mortgage fraud scheme that mostly targeted seniors. The fraud scheme has resulted in losses of more than $7 million. Charges against the officers include: conspiracy, grand theft, elder abuse, submitting false or forged documents in a public office and engaging in a prohibited act as a foreclosure consultant.
Three of the victims in this fraud scheme reside in San Diego County. The fraud victims were predominantly elderly and in financial distress, seeking mortgage relief services from Grand View Financial LLC. The officers promised consumers that if they transferred their house and paid money to Grand View Financial LLC, the company would eliminate the mortgage lien and deed the home back to the homeowner, clear of any liens.
Local media has been quick to report on this mortgage fraud scheme targeting susceptible elderly victims:
Other Articles we have published relating to Real Estate Fraud and Mortgage Fraud are included below:
Other Articles discussing Senior Fraud and Elderly Asset Misappropriation are included below:
If you or someone you know has fallen victim to a fraud scheme, investment fraud or elderly fraud we encourage you to call our offices today at 619-432-5145 for a free consultation with one of our Fraud Attorneys and Investment Lawyers.