Swindler Who Frightened Homeowners Into Paying For Deed Facsimiles Sentenced

RIVERSIDE (CBS) – A Los Angeles man who stole tens of thousands of dollars from Riverside County property owners he deceived in a money-for-deeds scam was sentenced Tuesday to six months in jail and three years probation.

Pablo Alfonso Fourquet, 37, was also ordered by Superior Court Judge Richard Fields to pay $417,000 in restitution to his victims.

Fourquet pleaded guilty on Oct. 11 to grand theft by false pretenses.

The defendant was originally charged with three other felonies and a misdemeanor count, along with sentence-enhancing allegations, including one for committing a white-collar crime in excess of $100,000.

Fields dismissed those charges as part of the plea agreement the defense reached with the District Attorney’s Office earlier this month.

Between April 2010 and April 2011, Fourquet operated a business called Title Compliance Office that used official-looking stationary, making it appear to be a government agency, according to prosecutors.

The defendant distributed letters to property owners in the county, as well as in the Los Angeles area, Phoenix and Las Vegas, stating that the recipients needed certified copies of their grant deeds to prove ownership of their homes, according to the D.A.’s office.

The letters played on the victims’ fears of foreclosure, indicating there could be problems with loan modifications, and offered to obtain copies of deeds for a sum of $167 each, prosecutors said.

A certified copy of a deed, which is rarely required, can be obtained from the county assessor’s office for $10.

According to the D.A.’s office, 2,500 people fell victim to the scam and sent payments to Fourquet.

During the ensuing investigation, authorities seized more than $500,000 from his bank accounts.

In response to the scheme and similar ones perpetrated by parties in and out of California, the Legislature passed and then-Gov. Arnold Schwarzenegger signed a law which prohibits solicitors from claiming that foreclosure activity makes it necessary to obtain a copy of a deed.

The law passed in October 2010 also requires a seller to explicitly state that he is not affiliated with any government agency, nor suggest that there is a deadline in obtaining a copy.

Failure to comply could result in fines and other penalties.

Comments

One Comment

  1. sab says:

    Good, rot in jail!!! Ha, if you’re a homeowner like I Am, I’m first time homeowner, but I’ve had experience when my mother used to build and buy homes, and I helped in the construction as a teen. It’s called get educated.

    I’ve owner land properties, for over 11 years in two different states and I could have told you this was a scam guy. Deed’s are easy to get. Eben your Lien older company can give you all the paperwork for free if you request it.

    Also, for first time homeowner’s, last year when we bought, we had a few men come to our door right away with our info. Public info about our home, trying too tell us of this service or that service they can do for us to make sure we’re good. We said no and shut the door.

    Rule of thumb: ANYONE COMES TO THE DOOR, WITHOUT CALLING FIRST, THE DOOR DOES NOT OPEN AND MY DOG STANDS GAURD. My friends know to call, my appt’s know to call first and I know to expect them.

    So older folks, do not open your doors to anyone unannounced ever!

    1. duh says:

      wow.. where did you go to school? It is simply failure to try and debate an issue, ANY issue, when you cannot form simple sentences that translate into ideas. Freedom of speech gives you the right to post, but what good is that right if no one wants to read your opinions?

  2. KOBE says:

    Six months in jail for a few hunderd thousand dollars. Crime pays in Califronia. California loves a criminal.

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio
Play.It

Listen Live