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: Legal Pad | LA

Suit alleges Korean immigrants targeted in loan modification scam

By Richard Binder

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Attorneys with the Asian Pacific American Legal Center accused Trinity Law Associates Inc., a Los Angeles law firm, of defrauding at least 28 Korean immigrants out of thousands of dollars by falsely promising that their services would prevent foreclosures.  A lawsuit was filed Wednesday.

The complaint alleges that Trinity lawyer Timothy D. Thurman used Korean-speaking agents to lure clients, and then charging them an upfront retainer averaging $7,000, telling them that their litigation against lenders would forestall foreclosure and reduce the principal they owed.  According to Yungsuhn Park, an attorney with the legal center, Thurman's actions hastened the foreclosures and cost victims their homes.

Thurman was arrested last year on another loan modification case.

Full story at LATimes.com.

Full post as published by Legal Pad | LA on March 11, 2010 (boomark / email).

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