ORANGE COUNTY DISTRICT ATTORNEY PRESS RELEASE
Case # 16CF1377
Date: September 15, 2016
*78 New Felony Charges Filed
SANTA ANA, Calif. – A man was arraigned today on additional charges including money laundering and defrauding over $2.2 million from over 400 troubled homeowners through an illegal loan modification scheme. Kevin Frank Rasher, 44, Coto de Caza, was charged on July 15, 2016, with 52 felony counts of grand theft, one felony count of second degree burglary, and one felony count of aiding false or fraudulent return, with a sentencing enhancement for property damage or loss over $65,000. Rasher was additionally charged today in an amended complaint with 69 felony counts of money laundering, six felony counts of grand theft, and three felony counts of financial exploitation of an elder. Rasher also faces sentencing enhancements for money laundering in excess of $1 million, theft in excess of $1.3 million, and white collar crime taking in excess of $500,000. If convicted, he faces a maximum sentence of 98 years in state prison. He is being held on $2 million bail and must prove the money is from a legal and legitimate source before posting bond. He is scheduled for a pre-trial hearing on Oct. 17, 2016, at 8:30 a.m. in Department C-55, Central Justice Center, Santa Ana. Continue reading