| For Immediate Release Case # 09CF2866 December 14, 2009 |
Susan Kang Schroeder Public Affairs Counsel Office: 714-347-8408 Cell: 714-292-2718Farrah 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.