Need More Pixie Dust ...
...To Get Out Of This Mess.
Liberated from the official RE Industry Blog...Real Blogging.com
"Ready for this one? A former Los Angeles County prosecutor will soon be sentenced on a series of charges, all related to real estate fraud. Fifty-year-old Julie Marie Sergojan recently pleaded guilty to six felony charges including multiple counts of grand theft, identity theft, and forgery, and now remains free on a $500,000 bond pending sentencing, which is currently set for November 9, 2006, in Ventura County (California) Superior Court."
"In 2002, Sergojan engineered a series of frauds so she could purchase a $500,000 home. Her first fraud involved an identity theft and forgery scam that was carried out while working as a Los Angeles County deputy district attorney. Sergojan stole the identity of two people, stealing money from one victim's bank account while opening an account at another bank in the name of the second victim to launder the stolen money."
"This scam netted Sergojan roughly $43,000. Sergojan was prosecuted for this scam in Los Angeles in 2003. In October 2003, she pleaded guilty to four felonies. In January 2004, she earned a probation sentence in that case by paying full restitution to the victims. Sergojan forfeited her state bar license in March 2004."
"In 2004, the Ventura County Sheriff's Department discovered that Julie repaid her Los Angeles victims with proceeds from a new fraud. In October 2003, Sergojan stole her estranged husband's identity to procure a $200,000 loan. She secured the loan by pledging valuable land her husband owns in Sonoma County. Apparently, Sergojan forged all the necessary legal documents, which she was able to do because the entire transaction was conducted via the Internet, e-mail, fax and mail."
"While investigating the loan fraud, detectives from the Ventura County Sheriff's Department discovered that in 2002, Julie financed her Westlake Village home through another loan fraud. To qualify for her $450,000 mortgage, Sergojan forged pay stubs and other documents that dramatically misrepresented her income, assets, and credit worthiness."
"After she closed escrow on her home purchase in August 2002, Julie quickly defaulted on her loan. In June 2003, she conned her bank into clearing $10,000 in fake checks she deposited so that her lender could then negotiate her delinquent mortgage payment. Surprise, surprise- she ultimately lost the home in the spring of 2005."
"As a result of her scams, Julie Sergojan now faces a maximum of eight years and four months in prison."