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Real Estate Fraud Los Angeles County

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NEWS
November 29, 1992 | MYRON LEVIN
Amid growing concern about real estate fraud, Los Angeles County officials next year will launch a pilot program to make it harder for crooks to forge deeds. The two-pronged program is designed to deter such forgeries and to notify victims when they occur. The campaign, approved in September by state lawmakers, will be carried out only in Los Angeles County, where property theft is thought to be more prevalent than elsewhere in the state.
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CALIFORNIA | LOCAL
July 1, 1999 | ANDREW BLANKSTEIN, TIMES STAFF WRITER
Culminating what prosecutors called one of the worst land-fraud schemes in recent memory, two Palmdale women were sentenced Wednesday to state prison and fined more than $1 million for selling unsubdivided land to unwitting Filipino buyers. Los Angeles Superior Court Judge Charles E. Horan sentenced Carolina Acio Paredes, 65, to 11 years in state prison and ordered her to pay $1.4 million for defrauding more than 60 investors between 1989 and 1998.
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NEWS
November 29, 1992 | MYRON LEVIN, TIMES STAFF WRITER
When it comes to closing a real estate deal, not even death can stop Kevin Emerson Gillies. Gillies, a man with quick wits, a smooth tongue and a string of aliases, has been known to reach beyond the grave, performing the amazing feat of acquiring property from people long dead. This is either a miracle or forgery--and those who have sued Gillies for fraud are sure it is the latter.
CALIFORNIA | LOCAL
January 3, 1999 | MATEA GOLD, TIMES STAFF WRITER
When Betty Jackson received the long-overdue payment, she couldn't stop murmuring her thank-yous. Cora Gordon was convinced it was heaven-sent. Ernest V. Haskins stared at the check in his hand in disbelief. "I'm just going to look at it for a while," he said. The three were among about 30 South Los Angeles and Inglewood residents who received a little piece of justice last week, decades after being swindled out of thousands of dollars and their homes by a notorious real estate investor.
CALIFORNIA | LOCAL
August 20, 1993 | GREG JOHNSON, TIMES STAFF WRITER
A 40-year-old Newport Beach resident remained in Riverside County Jail on Thursday after his arrest for allegedly bilking Southern California investors out of $10 million in a real estate investment scheme. Richard Carl Huitt, who was arrested at his Newport Beach home on Aug. 13, was being held in lieu of $1 million in bail.
CALIFORNIA | LOCAL
December 22, 1998 | SCOTT GLOVER, TIMES STAFF WRITER
Convicted swindler Marshall Redman, who duped 2,500 mostly low-income Latinos into purchasing homes on virtually useless land in the High Desert, began serving his sentence Monday, but not behind bars. Redman, who pleaded no contest in October to grand theft and filing false documents, was sentenced to a year in county jail. But probation officials deemed him eligible for "alternative confinement," meaning that he will serve his sentence in his home.
CALIFORNIA | LOCAL
August 7, 1996 | JOHN M. GLIONNA, TIMES STAFF WRITER
The Los Angeles County Board of Supervisors voted Tuesday to grant temporary water rights to an additional 18 families who have lived without running water and electricity since buying raw Antelope Valley land from developer Marshall Redman.
NEWS
December 11, 1996 | JOHN M. GLIONNA, TIMES STAFF WRITER
Responding to allegations of fraud involving controversial developer Marshall Redman, the Los Angeles County Board of Supervisors agreed Tuesday to enact sweeping public-interest reforms that will provide buyers of undeveloped land broad new protections.
BUSINESS
July 9, 1993 | From Times Staff and Wire Reports
FBI Probing Long Beach Developer: The bureau confirmed that it is investigating IDM Corp. for a variety of alleged offenses, including mail fraud, securities fraud, money laundering and tax evasion. Carl Bloom, acting supervisor of the bureau's Long Beach office, said the probe was sparked by complaints from several investors who claim that some of IDM's real estate partnerships were little more than Ponzi schemes.
CALIFORNIA | LOCAL
November 28, 1996 | JOHN M. GLIONNA, TIMES STAFF WRITER
Rep. Howard "Buck" McKeon (R-Santa Clarita) on Wednesday called for swift action by the federal government to help dozens of families victimized by the alleged Marshall Redman land swindle in the High Desert district. McKeon said he supported an ambitious rescue plan being prepared by Los Angeles County government that would help working-class Latino victims buy foreclosed Antelope Valley housing at discounts of up to 30%.
CALIFORNIA | LOCAL
December 22, 1998 | SCOTT GLOVER, TIMES STAFF WRITER
Convicted swindler Marshall Redman, who duped 2,500 mostly low-income Latinos into purchasing homes on virtually useless land in the High Desert, began serving his sentence Monday, but not behind bars. Redman, who pleaded no contest in October to grand theft and filing false documents, was sentenced to a year in county jail. But probation officials deemed him eligible for "alternative confinement," meaning that he will serve his sentence in his home.
CALIFORNIA | LOCAL
August 6, 1998 | SHARON BERNSTEIN, TIMES STAFF WRITER
A Palmdale woman suspected of bilking 253 low-income investors of more than $1.4 million in phony land deals surrendered to authorities Wednesday and is expected to be arraigned this week on dozens of charges of fraud. Carolina Acio Paredes, 68, will face 44 felony counts of grand theft, use of false statements to sell securities and use of artifice or a scheme to sell securities, said Deputy Dist. Atty. Victor M. Minjares, who is handling the case.
CALIFORNIA | LOCAL
March 25, 1998 | SHARON BERNSTEIN, TIMES STAFF WRITER
More than $1 million meant to help 1,500 mostly low-income people who bought property in the High Desert from accused swindler Marshall Redman was misspent by the original receiver on the case, a Superior Court judge has ruled.
BUSINESS
December 11, 1997 | JAMES F. PELTZ, TIMES STAFF WRITER
A real estate manager in Southern California was indicted Wednesday for allegedly running a massive rent-skimming and foreclosure scam that involved more than 500 houses and defrauded several commercial banks, federal authorities said. Bernard Gross, 52, faced the 17-count criminal indictment at a federal court hearing in Los Angeles after FBI agents arrested him Tuesday at a Covina storage facility, said Kendra S. McNally, an assistant U.S. attorney.
CALIFORNIA | LOCAL
June 26, 1997 | SHARON BERNSTEIN, TIMES STAFF WRITER
The former receiver in the Marshall Redman land sales case engaged in misconduct regarding $600,813 in payments to himself and others, and should be ordered to pay the money back, the current receiver has alleged. Richard Weissman, who took over as receiver on Redman's real estate holdings last year, requested that a $500,000 bond posted by Donald W. Henry be seized by the court in order to pay back most of the funds.
CALIFORNIA | LOCAL
June 22, 1997 | SHARON BERNSTEIN, TIMES STAFF WRITER
Authorities in California and Hawaii say they are investigating the role of a Palmdale woman for possible fraud in sales of raw desert land to 253 low-income investors, some of whom lost their life savings. The investigation centers on Carolina Acio Paredes, who was barred last year from selling real estate in Hawaii and whom California regulators accused earlier this month of continuing to engage in illegal high desert land sales, according to court records.
BUSINESS
September 11, 1996 | DEBORA VRANA, TIMES STAFF WRITER
A Rolling Hills man has been sentenced to 15 years, eight months in federal prison for masterminding a four-year scheme that defrauded at least nine Southern California lenders of millions of dollars. Steven D. Jones, 49, was convicted earlier this year of racketeering, conspiracy, fraud and money laundering charges.
NEWS
June 2, 1996 | JOHN M. GLIONNA, TIMES STAFF WRITER
State and local leaders called Saturday for reform and an investigation of government agencies that took more than a decade to stop a land sales scheme targeting thousands of low-income Latinos. Expressing outrage over developer Marshall Redman's High Desert land sales, Los Angeles County Supervisor Gloria Molina called for a probe of watchdog agencies and said the county should try to recover cash for the victims of the scheme.
CALIFORNIA | LOCAL
June 16, 1997 | SHARON BERNSTEIN, TIMES STAFF WRITER
A year after millionaire developer Marshall Redman was indicted on charges of fraud and grand theft in Antelope Valley land deals involving 2,500 families, the 68-year-old developer remains out of jail on bail, selling windows on the Westside. As Redman awaits trial, though, reforms inspired by his case are beginning to occur, led by a new real estate fraud hotline. The hotline, which started nearly two months ago, offers recorded information 24 hours a day about a variety of real estate fraud.
CALIFORNIA | LOCAL
March 1, 1997
A prominent Burbank businesswoman was sentenced Friday to nine years in state prison and ordered to pay $2 million in restitution to 36 people she defrauded in an investment scam. Shirley Reynolds, 60, former wife of retired Burbank Fire Chief Curtis Reynolds, pleaded no contest to eight counts of grand theft and one count of forgery. She had been charged with 19 counts of grand theft and one of forgery, Deputy Dist. Atty. Sandra Flannery said.
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