San Bernardino DA Convicts Two Accused Of Using Stolen IDs To Fraudulently Pocket Loan Proceeds Secured By Unwitting Victims' Real Estate

In San Bernardino, California, the Office of the San Bernardino County District Attorney recently announced that John Foster and Howard Edwards were found guilty after a jury trial of 56 counts ranging from forgery, grand theft, filing of false instruments, identity theft, conspiracy, and money laundering in a scam where they allegedly swiped personal information from unwitting victims and used to obtain loans on luxury cars and real estate in Fontana. The two defendants pocketed the loan proceeds while leaving the victims liable for these loans.

As part of the scam operation, the defendants falsified several real estate deeds and forged the signatures and stamps of several notary publics, and subsequently recorded in the county records office. In one case, the defendants sold a house out from under the rightful owners, pocketing $560,000. The rightful owners had been living at the residence since 1971, free and clear of any liens, and only found out about the scam when a lending institution attempted to foreclose on the property.

For the San Bernardino Conty DA's press release, see Guilty Verdicts in Real Estate Fraud Case.

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