Victims of SoCal Mortgage Fraud Scheme to Receive Refunds

Victims of SoCal mortgage fraud scheme to receive refunds

The scheme harmed more than 3,000 people nationwide, particularly elders and veterans, the FTC said.

$3 million in refunds for mortgage fraud victims

SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that more than 1,800 consumers — about half of them from California — who were victims of a multiyear mortgage fraud scheme, will soon receive refunds totaling nearly $3 million. DFPI, along with the Federal Trade Commission (FTC), secured a court order against the company in 2024 after a DFPI enforcement action uncovered that the company falsely…

SoCal mortgage fraud victims to share $3M

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