Three Operators of Finance Company Indicted for Alleged $7 Million Mortgage Fraud Scheme

by Andrew Murray | October 29th, 2019

The Attorney General of California announced the indictment on October 18, 2019. The alleged victims sought mortgage relief services from the company operated by the defendants. The Press Release states:

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The operators of Grand View Financial—Steven Rogers, Robert Sedlar, and Audrey Gan—were indicted by a grand jury in the Sacramento Superior Court for conspiracy, grand theft, elder abuse, filing false or forged documents in a public office, and engaging in a prohibited act as a foreclosure consultant. 

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Between 2015 and 2019, the defendants allegedly conspired to steal money and homes from distressed homeowners using a company called Grand View Financial. The company launched a mortgage and foreclosure assistance program that advertised assistance to desperate homeowners facing foreclosure. The defendants promised consumers that if they transferred their house and paid money to Grand View Financial, the company would eliminate the mortgage lien and deed the home back to the homeowner, clear of any liens. During this time, the defendants allegedly filed false court proceedings, false documents with the county recorders offices, and false bankruptcies.

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A copy of the indictment is available on the state’s website.

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