LOS ANGELES (CBS) — A Torrance real estate agent who allegedly defrauded clients out of over $400,000 faced felony grand theft and other charges on Monday.
Jong Hwan Huh, aka David Huh, 47, of Torrance, allegedly defrauded seven clients while employed by Masters Realty Group in Los Angeles between June 2008 and August 2010.
The victims were located in Lomita, Torrance, Gardena and the Los Angeles area. Although there were variations in the schemes, they all involved obtaining money from the victims for real estate purchases or leases, and misappropriation of money.
The investigation also revealed that Huh frequented local casinos and used the victims’ money to gamble.
On Friday, April 27, 2012, the Los Angeles County District Attorney’s Office filed 17 felony counts against Huh, including grand theft, forgery, issuing bad checks, and enhancements for aggravated white collar crime.
A warrant was issued for Huh’s arrest.
On Thursday, July 5, 2012, deputies from the Lomita Sheriff’s Station arrested Huh as he was leaving the South End Racquet and Health Club in Torrance. Huh was booked into the Lomita Sheriff’s Station with a bail of $404,000.
His arraignment was scheduled for Monday.
Anyone with information about this incident or if you are a victim, please contact the Los Angeles County Sheriff’s Department Commercial Crimes Bureau, Real Estate Fraud Unit at (562) 946-7217.