A Riverside County man who operated a mortgage rescue business in Ventura County will serve a year in jail for his role in a mortgage fraud scheme. Two co-defendants, Roberto and Rosalva Sanchez, of Oxnard, received six-month sentences in jail as well as restitution.
Patrick Iturra, will serve 365 days in jail after pleading guilty to two felony counts of fraud and three felony counts of grand theft. Operating under the name Mercury Business Group, Iturra promised homeowners that he could save their homes from foreclosure. Iturra collected fees from the homeowners but did not take any steps to prevent foreclosure. Victims lost more than $100,000 in cash to the scheme, and all but one of the victims lost their homes.
In addition to the jail sentence, Iturra received 5 years of probation and will pay $100,000 in restitution to his victims. In addition, the judge ordered him to refrain from working in real estate or any business related to foreclosure prevention.
Iturra’s victims all spoke Spanish, and many did not understand the foreclosure process. In some cases, victims had already lost legal possession of their homes by the time they contacted Mercury Business Group. Iturra pleaded not guilty to the charges last April, but changed his plea to guilty in December 2016.
Ventura fraud attorney
If you’ve been arrested for fraud or a similar crime in Ventura County, you need the assistance of an experienced Ventura fraud attorney like Robert Helfend. Mr. Helfend has practiced criminal defense exclusively for more than 30 years in Ventura County and throughout Southern California.
Mr. Helfend handles each case personally, which means that you’ll work directly with him on your defense. Your case will not be handed over to a less experienced attorney.
Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County fraud case.
Photo Credit: Taber Andrew Bain, via Flickr.com