Wednesday, January 19, 2011

Las Vegas Man Gets 9 Months In Jail, Five Years Probation For Ripping Off Homeowners Out Of $36K+ In Foreclosure Rescue Racket

In Las Vegas, Nevada, KVVU-TV Channel 5 reports:

  • A man who pleaded guilty to scamming homeowners facing foreclosure has been sentenced to nine months in jail and probation for five years. Doninador Palalay ran a foreclosure rescue scam under the name PDM Financial Inc., according to the Nevada Attorney General’s office.

  • He pleaded guilty to a charge of theft. In addition to jail and probation, Palalay must pay back more than $36,000 in restitution. Palalay’s wife, Marie Tejada Medina, also pleaded guilty to a charge of theft and will be sentenced Feb. 22. A third person connected to the scam is on the run, officials said. Anyone with information about Benjamin Aquino Moreleda III should contact the attorney general’s office at 702 486-3777.

Source: Vegas Man Sentenced In Foreclosure Scam (Defendant's Wife To Be Sentenced In February). loan modification

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