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THE RULE OF LAW: FORECLOSURE FRAUD PERPETRATOR SENTENCED TO 18 YEARS IN STATE PRISON FOR RECORDING FALSE DOCUMENTS

That is good news that this man that defrauded vulnerable homeowners was convicted and sentenced to prison. But I agree that the justice system needs to start going after the big fish like the big banks and others that did essentially the same thing but have so far not been prosecuted.

Justice League

4closurefraud:

The former operator of a foreclosure rescue company has been sentenced to 18 years in state prison.

A Sacramento County jury in April convicted Richard Henri Fecteau, 52, of 23 felony real estate fraud charges involving grand theft, recording false documents and illegally acting as a foreclosure consultant. He was sentenced Friday by Sacramento Superior Court Judge Majorie Koller. In addition to the prison term, Fecteau was ordered to pay more than $35,000 in restitution to multiple victims he defrauded, according to a Sacramento County District Attorney’s Office news release.

Between 2011 and 2014, Fecteau ran a foreclosure rescue company called Team Fecteau. He directed homeowners to deed properties to a trust. The names of people who had recently filed bankruptcy were then named co-trustees of the trust, along with Fecteau, which placed an automatic stay against foreclosure of the property.

Interesting…

I thought the National Mortgage Settlement whitewashed…

View original post 19 more words

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