MARRIED COUPLE AND MORTGAGE BROKER TO BE ARRAIGNED FOR $3.6 MILLION MORTGAGE FRAUD SCHEME BY TAKING OUT MULTIPLE MORTGAGES ON THE SAME PROPERTY WITHOUT DISCLOSING TO LENDERS

OCDASeal

Orange County District Attorney
Press Release


Tony Rackauckas, District Attorney
401 Civic Center Drive West
Santa Ana, CA 92701

For Immediate Release
Case # 09CF2866


 



December 14, 2009

Susan Kang Schroeder
Public Affairs Counsel
Office: 714-347-8408
Cell: 714-292-2718

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

MARRIED COUPLE AND MORTGAGE BROKER TO BE ARRAIGNED FOR $3.6 MILLION MORTGAGE

FRAUD SCHEME BY TAKING OUT MULTIPLE MORTGAGES ON THE SAME PROPERTY

WITHOUT DISCLOSING TO LENDERS

*Warrant issued for two other defendants in this case

 

SANTA ANA – A married couple and their mortgage broker will be arraigned tomorrow for defrauding over $3.6 million from banks in a mortgage fraud scheme by illegally securing several mortgage loans on the same property by falsifying and omitting information on loan applications. A 23-count complaint was filed Nov. 24, 2009, against five defendants. Nafees Quidwai, Sabhia Quidwai, and Mailan Tran are each being held on $500,000 bail and must prove that the money is from a legal and legitimate source before posting bail. They are scheduled to be arraigned tomorrow, Dec. 15, 2009, at 8:30 a.m. in Department C-55, Central Justice Center, Santa Ana. A $500,000 warrant has been issued for the arrests of Cuc Doan and Trieu Nguyen.

DEFENDANT NAME

AGE

RESIDENCE

CHARGES

Maxium

Exposur

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