SANTA ANA (AP) — An Anaheim resident is accused of targeting and defrauding Hispanic victims of more than $87,000 in bogus real estate deals.

Arthur Gonzales Diaz, has been charged with seven felony counts of grand theft and one misdemeanor count of engaging in business as a real estate broker without a license. Diaz, who faces a maximum sentence of eight years in state prison, was arraigned on Friday.

Beginning in 2008 Diaz is accused of posing as a mortgage broker even though his license had been suspended for the last decade.

Diaz is accused of convincing Spanish speaking victims into giving him money for real estate deals which he pocketed.

Diaz is being held on $75,000 bail.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


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