Attorney General Bonta Announces Mortgage Firm President Convicted of 100 Felony Counts in Statewide $7M Mortgage Fraud Scheme | California – DOJ

Auckland — California Attorney General Rob Bonta announced today that Robert Sedler, the former president of a purported mortgage “investment” firm, has been found guilty of 100 felony counts for operating a mortgage fraud scheme across California. The scheme resulted in a total loss of over $7 million. Victims, including seniors and those in financial difficulty, have reached out to Grand View Financial LLC for mortgage relief in San Diego, San Mateo, Alameda, Contra Costa, San Joaquin, Placer, Solano, Mendocino, San Francisco and El counties. asked for service. Dorado and Sacramento. Steven Rogers, Robert Sedler, and Audrey Gunn, the owners of Grand View Financial, have previously been convicted of conspiracy, grand theft, elder abuse, and complicity by submitting false or forged documents to government agencies. indicted by a grand jury in the Sacramento Superior Court. You have committed a prohibited act as a foreclosure consultant. Steve Rogers and Audrey Gunn pleaded guilty before trial, and company president Robert Sedler will go on trial in March 2023 on all counts. Today, Robert Sedler was found guilty of conspiracy, as well as multiple charges, including filing false documents, grand theft, elder abuse, and conduct prohibited by foreclosure consultants. He is scheduled to be sentenced on July 21, 2023.

“Let this be a strong warning to those who want to steal people’s hard-earned money. We will definitely find you out and hold you accountable.” said Attorney General Bonta.. “Individuals who prey on vulnerable communities to enrich us will be held accountable by the California Department of Justice. My office will identify and prosecute those who defy the rule of law. We will continue to work with our law enforcement partners to

From 2015 to 2019, the defendants conspired to steal money and homes from distressed homeowners using a company called Grand View Financial LLC. The company advertised assistance to desperate homeowners in the face of foreclosure. Defendants promised to consumers that if they transfer ownership of their homes to Grandview Financial and pay them money, the company will revoke their mortgage liens and transfer their homes to the homeowners without a lien. bottom. During this time, defendants raised money from victims, submitted false court papers, false papers to the County Records Office, and delayed the foreclosure but did nothing to remove the lien. filed for bankruptcy. All the victims lost their homes as a result.

The indictment and arrest are the result of a joint investigation by the California Department of Justice Fraud and Special Prosecution Division and the White Collar Investigative Team. Federal Deposit Insurance Corporation U.S. Inspector General; Federal Housing Finance Agency U.S. Inspector General; U.S. Trustee Program. United States Sheriff’s Department. Stanislaus County District Attorney’s Office. Eldorado County District Attorney’s Office. It is also supported by the US Board of Trustees, Los Angeles Field Office.

A copy of the fee can be found here.

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