9 charged in $2.3-million mortgage fraud case
The suspects are accused of obtaining titles to the residential properties, taking out loans in the names of straw buyers, and selling the homes at inflated prices, the Los Angeles County Sheriff's Department said.
Two of the loans were in names of identity fraud victims, authorities said.
In allegedly carrying out the scheme, the suspects used false bank account and employment documents, according to authorities.
The suspects were identified by the Sheriff's Department as Gerard A. Bueno, 35, of La Habra Heights; Jesus Vega Jr., 28, of Hacienda Heights; Andres Victoria, 26, of Albany, N.Y.; Alejandro Valdelmar, 44, of Long Beach; Jose Carlos Henriquez, 42, of Lynwood; George H. Kent, 66, of La Mirada; Laura Garcia, 31, of Paramount; Beatriz Miranda, 56, of Hawaiian Gardens; and Michael Palomares, 27, of Compton.
The case was investigated by the Sheriff's Department and the U.S. Department of Housing and Urban Development Office of Inspector General.
— Robert J. Lopez
Image: Suspects charged in mortgage fraud case. Credit: Los Angeles County Sheriff's Department