DRE in the News - July 2012

Archives:

Ramona real estate agent pleads guilty
By Lily Leung - U-T San Diego – 07.27.12
A Ramona real estate agent has pleaded guilty to taking part in a mortgage scam that caused lenders to lose about $5 million, federal investigators say.

Class action lawsuit filed against OF Lending
By Michael Finney - ABClocal.com – 07.26.12
A class action lawsuit has been filed against a now defunct Alameda County company accused of bilking distressed homeowners out of millions of dollars. This is a story 7 On Your Side first broke 18 months ago and here's an update.

Carmel real estate broker pleads guilty to defrauding investors in Fresno project
By Larry Parsons - The Herald – 07.25.12
Former Carmel real estate broker Thomas J. O'Meara III pleaded guilty to federal wire fraud and money laundering charges Wednesday arising from a failed luxury-home, golf-course development in Fresno.

California orders $4 million in penalties in loan scam
By William D'Urso – Los Angeles Times – 07.24.12
California's attorney general announced more than $4 million in penalties have been levied against defendants in a national loan modification scam. Half of the money will go to consumers who were duped.

REAL ESTATE BROKER CHARGED IN FRAUD
By Lily Leung – UT San Diego – 07.19.12
An arrest warrant was filed this week for Donald James Kenney, a former Arizona lawmaker who went to prison 20 years ago in one of that state's biggest public-corruption scandals. Authorities said Kenney, 73, used the clean record of his 44-year-old son, Donald John Kenney, to get a broker's license starting in 1998.