Mother and son convicted in federal court of mortgage fraud
A mother and son were convicted in a San Diego federal court Wednesday for what prosecutors called an $8 million mortgage fraud involving 16 homes in San Diego and Riverside counties.
A jury convicted Carlsbad real estate agent Aida Agusti Castro, 67, and her son, Orange County attorney Stephen Kenneth Chrysler, 46, on multiple counts of wire fraud for allegedly submitting phony documents in support of false loan applications for unqualified buyers.
After the verdict was announced, District Judge Jeffrey Miller sent both into federal custody, pending a July 30 sentencing. The two face 20 years in prison on each of five counts.
-- Tony Perry in San Diego