SAN FRANCISCO -- Operators of alleged mortgage fraud scheme indicted
Three individuals are under indictment for an alleged mortgage fraud scheme operating throughout California.
The operators of Grand View Financial - Steven Rogers, Robert Sedlar, and Audrey Gan - were arrested and charged with 121 felony counts, California Attorney General Xavier Becerra announced today. They are accused of operating a "mortgage and foreclosure assistance program" that promised to eliminate mortgage liens and deed the home back to the original owner free and clear, if the owner transferred their house and paid additional money to Grand View.
Instead, the trio allegedly conspired to steal those homes and the money paid to them. Their victims - many of whom were elderly and in financial distress - reported a combined loss of over $7 million.
Rogers, Sedlar, and Gan were indicted 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."
Grand View Financial operated in the Counties of San Diego, San Mateo, Alameda, Contra Costa, San Joaquin, Placer, Solano, Mendocino, San Francisco, El Dorado, and Sacramento. Those who believe they were also victims of this company are advised to call 1-800-952-5225 (California residents) or 1-916-322-3360 (non-California residents).
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