David Saks: August 2012

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

TWO INDICTED FOR REAL ESTATE SCAM

Two Indicted in Real Estate Scam

Alfonso Carrillo, 50, and Rudy Breda, 53, Colorado, have been indicted for allegedly finding homeowners facing foreclosure and convincing them to relinquish their property for a nominal fee and misrepresenting it as a way to avoid foreclosure.

The charges further allege that Carrillo and Breda would then “sell” the properties to others using phony documents. The charges further allege that Carrillo and Breda also illegally gained access to empty homes and took thousands of dollars in payments from unsuspecting “buyers” who were later forced to vacate the properties once the mortgage lenders or actual property owners discovered people living there unlawfully. The allegations further allege that they targeted Spanish-speaking home buyers, often undocumented and often reluctant to work with law enforcement out of fear.

Carrillo and Breda have been charged with violating the Colorado Organized Crime Control Act (F2) and multiple counts of theft (F4), burglary (F3) and criminal trespass (F5). Carrillo is charged with 18 separate counts; Breda is charged with 10 separate counts. Arrest warrants have been issued for Carrillo and Breda; bond has been set at $750,000 for Carrillo and $20,000 for Breda

The indictment was filed in Denver District Court.

source: MFB




David Saks



Time&Temp Memphis

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Comment balloon 1 commentDavid Saks • August 08 2012 08:20AM
TWO INDICTED FOR REAL ESTATE SCAM
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