Breaking News Blog

Tuesday, Nov 27 2012 04:06 PM

Four-year sentence for role in $2.7 million mortgage fraud scheme

By BREAKING NEWS BLOG

One of several defendants charged in an elaborate $2.7 million mortgage fraud scheme was sentenced to four years in prison Tuesday.

Jay Edward Langer, of San Juan Capistrano, had pleaded no contest in late October to conspiracy to commit grand theft. Eight other felony charges were dismissed.

Court documents allege Langer participated in a conspiracy to arrange sham sales of newly constructed homes in California City and submitted loan application containing forged documents and fraudulent misrepresentations.

Angie Cachu, 45, of Orange, has pleaded no contest to conspiracy to commit identity theft her sentencing is scheduled for Dec. 6.

The investigation began in late 2008, and three other co-conspirators were convicted in connection with the case.

- The Californian

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