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Santa Ana's top news & views blog

Tag Archives: Loan Mods

Five charged with operating a fraudulent loan mod scheme that targeted Latinos

Posted on by Posted in Anaheim, Crime, OCDA 1 Comment

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ORANGE COUNTY DISTRICT ATTORNEY PRESS RELEASE

Case # 14CF4090

January 21, 2015

THREE MEN AND TWO WOMEN CHARGED WITH OPERATING FAMILY RUN LOAN MODIFICATION FRAUD RING AND TARGETING HISPANIC VICTIMS

SANTA ANA – Three men and two women have been charged with committing loan modification fraud by targeting Hispanic victims throughout Southern California. Three of the defendants are family members and are charged with leading a family-run home loan modification ring and illegally charging victims for services that they did not provide.

Four of the defendants have been taken into custody and one defendant remains a fugitive. In addition to the charges below, each of the defendants face sentencing enhancements for aggravated white collar crime over $100,000 under $500,000, taking funds exceeding $50,000 and theft exceeding $150,000. The defendants’ sentences range from eight years and four months to 77 years in state prison if convicted, and each must prove that the money comes from a legal and legitimate source before they are released on bond. Continue reading→

Garden Grove man charged with defrauding over 40 victims in loan mod scheme

Posted on by Posted in Crime, Garden Grove, OCDA Leave a comment

Duc Khac Nguyen

Orange County District Attorney Press Release

For Immediate Release: July 1, 2014

Case # 14CF0585

MAN TO BE ARRAIGNED FOR DEFRAUDING OVER 40 VICTIMS IN $92,000 LOAN MODIFICATION SCHEME

SANTA ANA – A man is scheduled to be arraigned today for defrauding 42 victims of over $92,000 by operating a fraudulent loan modification company. Duy Khac Nguyen, 34, Garden Grove, is charged with 37 felony counts of grand theft, five felony counts of theft from elder, with a sentencing enhancement for property loss over $65,000. If convicted, he faces a maximum sentence of 33 years and eight months in state prison. He is being held on $90,000 and must prove the money is from a legal and legitimate source before posting bond. Nguyen is scheduled to be arraigned this morning in Department C-57, Central Justice Center, Santa Ana.

Between February and July 2010, Nguyen is accused of owning and operating a fraudulent loan modification company called HAMP Resources in Garden Grove. He is accused of falsely claiming to be affiliated with the federal government’s Home Affordable Modification Program (HAMP) and obtaining a business license from the City of Garden Grove. The defendant’s business and the federal government’s HAMP are not affiliated in any way. Continue reading→