The Sacramento area has another real estate fraud case on its hands. The local U.S. Attorney’s office has filed charges against several individuals, as well as a mortgage lender, in an elaborate scheme to defraud investors.
Many people from the Sacramento area have been financially injured. I represent one of those defrauded investors in a case filed against Christopher Jackson and Genesis Innovations. For more information you are welcome to contact Sacramento personal injury lawyer, Moseley Collins.
United States Attorney Benjamin B. Wagner announced that on September 2, 2010, a federal grand jury returned a nine-count indictment charging James Berghuis, 38, formerly of Sacramento, now residing in Laguna Niguel, with mail fraud, wire fraud, and money laundering. The indictment was unsealed this afternoon as a result of Berghuis’s arrest earlier today.
The indictment alleges that Berghuis operated Berghuis National Lending Inc., a Sacramento mortgage and lending company. Berghuis offered short-term bridge loans for clients funded by private investors. Berghuis would identify clients in need of bridge loans and act as the intermediary between the clients and investors. The indictment alleges that beginning no later than April 2005, Berghuis began making material false representations to investors and using investor funds to pay off other investors, pay business expenses, and pay his personal expenses.
This case is the product of an extensive investigation by the FBI and IRS-Criminal Investigation. Assistant United States Attorney Camil A. Skipper is prosecuting the case.