Source link : https://las-vegas-news.com/broker-and-accomplices-charged-in-1-5-million-burbank-property-fraud/
Nearly $1 Million Vanishes in Identity Theft Plot (Image Credits: Sbsun.com)
Burbank – Federal authorities charged a real estate broker and three associates with wire fraud after they allegedly executed a scheme to sell a $1.5 million home using stolen identities.[1]
Nearly $1 Million Vanishes in Identity Theft Plot
The operation netted the suspects about $975,000 in loan proceeds from a lender who approved financing based on forged paperwork. Prosecutors detailed how the group targeted a Burbank homeowner and an unwitting buyer in late 2023 and early January 2024. They impersonated both parties to complete the unauthorized transaction. The lender funded the loan without realizing the documents were fake. Authorities uncovered the plot through an investigation by the U.S. Attorney’s Office in Los Angeles.
Victims included the original homeowner, who lost control of the property, and the purported buyer now responsible for the mortgage. The title company and mortgage business also suffered losses from the deception. Law enforcement emphasized the sophistication of the forged materials used to deceive financial institutions.
Suspects and Their Alleged Roles
Glenis Cardona, a 63-year-old real estate broker from Highland, operated Golden Escrow with offices in Downey and Sherman Oaks. She allegedly controlled the escrow process and directed the loan funds to third parties. Ivan Reyes, 50, from Van Nuys, and Arshak “John” Akopyan, 46, from Northridge, posed as…
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Author : Matthias Binder
Publish date : 2026-02-12 08:16:00
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