Tikal asks court to throw out his mortgage fraud case

May 18, 2011 8:12:38 PM PDT
A man accused in a 29-count mortgage fraud indictment in Alameda County asked the case to be thrown out of court on Thursday.

Alan David Tikal is accused of conspiring to commit real estate fraud, mortgage security fraud, and filing false documents. Prosecutors say he took thousands of dollars from distressed homeowners on the promise he would pay off their loans and refinance, at a 75 percent savings. Tikal's attorney says the evidence does not support the charges, and that the so-called victims support him 100 percent.

"The bottom line when you look at the facts that those people who were associates of his, who were participating in his program, they're basically are still in their homes a year later. No one has been foreclosed," said Fanya Young, Tikal's Defense Attorney.

But ABC7 News has obtained public documents which show one of Tikal's alleged victims has already lost his home and the bank has already sold it to a new owner.


Load Comments