DEFENDANTS INDICTED FOR DEFRAUDING $13.5 MILLION FROM 3,500 VICTIMS IN LARGEST LOAN MODIFICATION SCHEME EVER PROSECUTED IN THE NATION

For Immediate Release
Case # 14ZF0332






May 22, 2014

Susan Kang Schroeder
Chief of Staff
Office: 714-347-8408
Cell: 714-292-2718

Farrah Emami
Spokesperson
Office: 714-347-8405
Cell: 714-323-4486

 

DEFENDANTS INDICTED FOR DEFRAUDING $13.5 MILLION FROM 3,500 VICTIMS IN LARGEST LOAN MODIFICATION SCHEME EVER PROSECUTED IN THE NATION

*One of the defendants was an attorney

 

SANTA ANA – An indictment was unsealed today against seven defendants, including an attorney, for defrauding over $13.5 million from over 3,500 victims in the largest loan modification scheme ever prosecuted in the nation.

 

Defendants

Maziar Bordbar, 31, Irvine, is charged with one felony count of conspiracy to commit a crime, one felony count of conspiracy to defraud another of property, three felony counts of grand theft, one felony count of theft from an elder, 27 felony counts of money laundering, 21 felony counts of unlawful monetary transaction structuring, six felony counts of filing false tax returns, four felony counts of willful failure to file or make a fraudulent tax return, with sentencing enhancements for committing an aggravated white collar crime over $100,000, aggravated white collar crime over $500,000, property damage or loss over $65,000, property loss over $200,000, property damage over $1.3 million, money laundering exceeding $50,000, money laundering exceeding $150,000, money laundering exceeding $1 million, money laundering exceeding $2.5 million, and committing a theft exceeding $100,000. If convicted, he faces a maximum sentence of 52 years in state prison. He is being held on $9.8 million bail.

 

Nathaniel Ferrer, 26, Orange, is charged with one felony count of conspiracy to commit a crime, one felony count of conspiracy to defraud another of property, three felony counts of grand theft, one felony count of theft from an elder, 17 felony counts of money laundering, with sentencing enhancements for aggravated white collar crime over $100,000, aggravated white collar crime over $500,000, property damage or loss over $65,000, property loss over $200,000, property damage over $1.3 million, money laundering exceeding $50,000, money laundering exceeding $150,000, and committing a theft exceeding $100,000. If convicted, he faces a maximum sentence of 27 years and four months in state prison. He is being held on $9.8 million bail.

 

Pamela Gressier, 54, Huntington Beach, is charged with one felony count of conspiracy to commit a crime, one felony count of conspiracy to defraud another of property, three felony counts of grand theft, 44 felony counts of money laundering, one felony count of filing a false tax return, one felony count of willful failure to file or make a fraudulent tax return, with sentencing enhancements for aggravated white collar crime over $100,000, aggravated white collar crime over $500,000, property damage or loss over $65,000, property damage or loss over $200,000, property damage or loss over $1.3 million, money laundering exceeding $50,000, money laundering exceeding $150,000, money laundering exceeding $1 million, money laundering exceeding $2.5 million, and committing a theft exceeding $100,000. If convicted, she faces a maximum sentence of 48 years and eight months in state prison. Gressier is a fugitive with a warrant for her arrest.