San Ramon bank exec sentenced for mortgage fraud scheme Comments on Stories, posted by , a resident of , on Feb 26, 2013 at 8:05 am
San Ramon resident Joel Blanford was sentenced to 30 months in prison and three years of supervised release for a mortgage fraud scheme. Blanford paid a loan coordinator to falsify documents, provide false verification of borrowers' employment and to turn a blind eye to fraudulent representations contained in loan applications.
Read the full story here Web Link posted Monday, February 25, 2013, 3:28 PM
Posted by Andrew, a resident of Danville, on Feb 26, 2013 at 8:05 am
It is nice to read stories like this. As a local Realtor, there is still so much fraud going on in this market (especially with short sales), that when someone get's caught it somewhat renews my belief in our justice system.
The problem is that some of these Realtors or loan brokers get caught, they continue to do their work under their wife or friends licenses. So, the fraud continues, just under another persons name. I have many examples of this if anyone truely cared.