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Real Estate & Property Law

: The Home Equity Theft Reporter

California Woman Gets 12+ Years In Ponzi Scheme Scamming 600+ Into Investing $18M+ In Phony Firm Purportedly Helping Homeowners Facing Foreclosure

By r morris

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In Los Angeles, California, The Associated Press reports: [J]eanetta Standefor, 40, of Altadena, was sentenced to 151 months in prison and ordered to pay more than $8.6 million in penalties. [...] Prosecutors said Standefor ran a Ponzi scheme between 2005 and 2007 that lured more than 600 investors in California, Nevada and Georgia into investing money in her company, which purported to use the

Full post as published by The Home Equity Theft Reporter on January 21, 2009 (boomark / email).

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