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Two Foreclosure Consultants have been Put into Prison and Fined for a Loan Modification Fraud in Santa Clara County

19.09.2016 - Housing news
Two Foreclosure Consultants have been Put into Prison and Fined for a Loan Modification Fraud in Santa Clara County

Just two weeks ago on June 24, 2011 foreclosure consultants Amir Rashidifar, 28, and Mary Margaret Delvecchio, 30, who ran falsified loan modification dealings, were given three years and eight months in prison. Moreover, they must pay $312,450.00 in compensation to 80 people they have cheated. Two felony counts of Foreclosure Consultant Fraud convicted Amir and Mary Margaret in infringement of Civil Code Section 2945.4(g).

The defendants created a business which they named Legal Support Services. They declared that their Support Services could assist homeowners who had any financial problems to adjust their mortgages.

Starting from September 2008 to February 2009, Amir and Mary Margaret had promised homeowners to settle all the problems they have with the banks to adjust their mortgages. And as a result homeowners in general paid about $3,100, however they got no services at all. As for Mary Margaret Delvecchio, she in addition cheated people that she was a partner of a law firm. So she was as well condemned of one offense count of Unauthorized Practice of Law, for infringement of Business and Professions Code Section 6126(a).

In February 2009 their business was closed and partners escaped to Canada. And in four months U.S. customs agents arrested them. And since that time offenders have stayed in custody.

The San Jose Police Department investigated this case thanks to many victims and two former workers reported the deception. There were only 23 complaints from victims however the D.A.’s Office and the Victim Witness Assistance Center found out there were about 80 victims in reality after it was sent some letters and made many calls. For the duration of the search the police found about $50,000. Now this money will be given to the cheated people.

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