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Company founder gets prison for scheme to defraud distressed homeowners

Posted By Administration, Wednesday, December 09, 2015

Following the housing crash last decade, 21st Century Legal Services Inc. offered homeowners facing foreclosure what seemed like a lifeline.

All they had to do was pay fees to the Rancho Cucamonga firm, which promised to get their loans modified so their payments would be affordable. In the meantime, they were told they could stop paying their mortgage and communicating with their lenders.

But it was all part of a fraud that ended disastrously for thousands of customers, according to the U.S. attorney's office, with many still losing their homes after paying fees for services that "were never provided."

Federal prosecutors charged that 21st Century repeatedly pocketed those fees, cheating 4,000 plus homeowners out of more than $7 million in a nationwide scam.

Read the whole story at LA Times

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