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Real Estate Fraud

BUSINESS
September 2, 1999 | MYRON LEVIN, TIMES STAFF WRITER
The alleged "queenpin" of a fraudulent Southern California home-loan business was denied a reduction in her $5-million bail Wednesday. She remained jailed in San Jose while criminal authorities continue searching for the fugitive head of the firm. Saying that she is a flight risk and noting that she is charged with preying on the elderly, a Santa Clara County judge denied the request of Sharon Palmer-Ross, 39, former vice president of Tri-Star Mortgage Co., of Woodland Hills.
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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 on Monday--but not behind bars. Redman pleaded no contest to grand theft and filing false documents in October, and was sentenced to a year in county jail. But a probation report deemed him eligible for "alternative confinement," meaning that he will serve his sentence in the comfort of his home.
BUSINESS
November 8, 1998 | MYRON LEVIN, TIMES STAFF WRITER
Operating its real estate business out of a fried-chicken stand in Compton, no-frills Wolf River Holding Corp. has aroused more than a few suspicions. Last year, a team of local and federal agents raided the chicken stand as part of a long-running investigation into an alleged arson-for-profit ring involving fugitive businessman Kevin S. Merritt, who investigators say controls Wolf River.
BUSINESS
October 29, 1998 | MYRON LEVIN, TIMES STAFF WRITER
In a move aimed at curbing abuses by dishonest home loan firms, two state agencies have launched an effort to keep mortgage brokers who are stripped of licenses by one department from obtaining a license from the other.
NEWS
October 27, 1998 | JEFF LEEDS, TIMES STAFF WRITER
Los Angeles developer Marshall Redman was sentenced to jail Monday for leading a massive land swindle that defrauded as many as 2,500 buyers and escaped the reach of local and state authorities for years. Many of his victims ended up living in makeshift homes on undeveloped land in the High Desert, with no running water or electricity. Redman sold the property to his mostly Spanish-speaking clients on false promises that utilities and other improvements were coming.
CALIFORNIA | LOCAL
May 16, 1998
The last two defendants in what prosecutors described as the largest real estate fraud ever perpetrated against the federal Department of Housing and Urban Development have pleaded guilty to mail fraud charges in Los Angeles federal court. Shirley Pereira Da Silva, 36, of Los Angeles and Luis Alberto Valladares, 44, of Hacienda Heights entered their pleas before U.S. District Judge J. Spencer Letts on Thursday. They face a maximum of three years in prison.
CALIFORNIA | LOCAL
April 16, 1998 | MELISSA HEALY, TIMES STAFF WRITER
The Department of Housing and Urban Development announced Wednesday that it has expanded a civil fraud case against Los Angeles businessman Bruce Rozet, alleging that the Brentwood real estate developer organized a network of kickback schemes at 90 low-income housing projects in 25 states across the country. Calling the case the largest ever brought by the department, HUD Secretary Andrew Cuomo charged that between 1990 and 1997, the housing projects generated $7.
CALIFORNIA | LOCAL
April 2, 1998 | SHARON BERNSTEIN, TIMES STAFF WRITER
Ten years after Marshall Redman allegedly began to swindle mostly Spanish-speaking investors in land deals in the high desert, and two years after he was first charged with fraud, the 69-year-old developer has finally been ordered to trial. Redman was held to answer 29 charges of grand theft, fraud and forgery at a preliminary hearing in Los Angeles Superior Court on Wednesday.
NEWS
January 30, 1998
A profile of the independent counsel investigating President Clinton: PERSONAL Born: July 21, 1946, Vernon, Texas, son of the Rev. W.D. and Vannie Maude Starr. Marital status: Married on Aug. 13, 1970, to Alice Jean Mendell; they have four children. Education: Bachelor's degree from George Washington University, 1968; master's from Brown University, 1969; law degree from Duke University, 1973.
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