{"id":53719,"date":"2023-08-01T19:41:17","date_gmt":"2023-08-02T02:41:17","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=53719"},"modified":"2023-08-01T19:41:17","modified_gmt":"2023-08-02T02:41:17","slug":"calif-woman-and-man-charged-with-running-2-2-million-scheme-that-tricked-banks-into-cashing-out-victims-mortgages","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=53719","title":{"rendered":"Calif. Woman and Man Charged with Running $2.2 Million Scheme That Tricked Banks into Cashing Out Victims&#8217; Mortgages"},"content":{"rendered":"<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<i>SANTA ANA, California<\/i><\/strong><\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6759 alignright\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice-300x197.jpg\" alt=\"\" width=\"300\" height=\"197\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice-300x197.jpg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice-90x60.jpg 90w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>A federal grand jury has charged two Orange County residents with fraudulently obtaining more than $2 million by stealing the identities of homeowners \u2013 primarily elderly Vietnamese Americans, officials stated.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">They allegedly duped banks into \u201ccashing out\u201d mortgages on those properties, the Justice Department announced Tuesday.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Thao Thi Kim Nguyen, 47, of Garden Grove, and Nghiep Chinh Nguyen, 55, of Westminster, were arraigned Monday.<img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4913 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Mortgage-Fraud.jpg\" alt=\"\" width=\"369\" height=\"215\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Mortgage-Fraud.jpg 182w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Mortgage-Fraud-180x106.jpg 180w\" sizes=\"auto, (max-width: 369px) 100vw, 369px\" \/><\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Both defendants, who have been granted bond, are charged with one count of conspiracy to commit bank fraud and wire fraud.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">Thao Nguyen is additionally charged with seven counts of bank fraud and three counts of aggravated identity theft. Nghiep Nguyen is charged further with two counts of bank fraud and one count of aggravated identity theft.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 At their arraignments, the defendants pleaded not guilty to the charges.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\"><a rel=\"nofollow noopener noreferrer\" name=\"_Hlk141786894\"><\/a>The schemers allegedly obtained a type of mortgage that allows homeowners to convert home equity into cash by borrowing against the property&#8217;s value.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 According to an indictment returned on July 26, during a roughly four-month period in 2018, Thao Nguyen opened accounts in her name at two banks. The alleged purpose of these bank accounts was to collect the scheme\u2019s ill-gotten gains.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Thao Nguyen then visited the bank, accompanied Nghiep Nguyen and other co-schemers.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">Nghiep Nguyen and other co-schemers posed as the victim homeowners \u2013 whose identities they allegedly had stolen \u2013 and forged the victims\u2019 signatures to fraudulently obtain cash-out mortgages on the victim-owned properties, which otherwise were unencumbered.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-39979 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2020\/07\/judge-gavel-300x160.jpg\" alt=\"\" width=\"300\" height=\"160\" \/>To pursue the fraud, Nghiep Nguyen allegedly used counterfeit California driver\u2019s licenses and Social Security cards containing the victims\u2019 names, and forged the victims\u2019 signatures on documents, including bank and mortgage forms as well as grant deeds for the victims\u2019 real estate properties.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">The victims\u2019 names also were added to the Thao Nguyen-controlled bank accounts.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Thao Nguyen allegedly used her accounts to receive wire transfers totaling more than $2 million in fraudulently obtained cash-out mortgage proceeds.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">She allegedly would transfer the fraudulently obtained mortgage proceeds to other bank accounts she controlled and would make cash withdrawals totaling approximately $1 million. The remaining funds were distributed to the co-schemers.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In total, the defendants fraudulently obtained approximately $2,182,753 through the scheme, the indictment alleges.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 For example, in July 2018, Thao Nguyen opened a bank account in her name.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">Later that month, Nghiep Nguyen and another co-schemer, accompanied by Thao Nguyen, allegedly posed as two homeowners at the bank branch in Orange.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">Two days later, Nghiep Nguyen allegedly forged the two victim homeowners\u2019 signatures on a grant deed for properties in Garden Grove and Long Beach.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">Nghiep Nguyen and another co-schemer allegedly then used fake IDs in the victims\u2019 names to add those names to Thao Nguyen\u2019s bank account. While doing so Thao Nguyen told bank personnel that the victims were her parents, according to the indictment.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In August 2018, Thao Nguyen allegedly received a wire transfer of approximately $623,196 in fraudulent mortgage proceeds.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">According to the indictment, She transferred most of the ill-gotten funds to accounts she and another co-schemer controlled.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 If convicted of all charges, the defendants would face a statutory maximum sentence of 30 years in federal prison for each conspiracy and fraud charge and a mandatory sentence of two years in federal prison for each aggravated identity theft charge.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The FBI, the Federal Deposit Insurance Corporation Office of Inspector General, and IRS Criminal Investigation are investigating this matter.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Assistant U.S. Attorney Charles E. Pell of the Santa Ana Branch Office and Special Assistant United States Attorney Gregory B. Wagner are prosecuting this case.<\/p>\n<p class=\"yiv7505067958MsoNormal\" style=\"text-align: center;\">\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0SANTA ANA, California A federal grand jury has charged two Orange County residents with fraudulently obtaining more than $2 million by stealing the identities of homeowners \u2013 primarily elderly Vietnamese Americans, officials&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-53719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-department-of-justice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Calif. Woman and Man Charged with Running $2.2 Million Scheme That Tricked Banks into Cashing Out Victims&#039; Mortgages<\/title>\n<meta name=\"description\" content=\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0SANTA ANA, California A federal grand jury has charged two Orange County residents with fraudulently obtaining more than $2 million by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cjnotebook.com\/?p=53719\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calif. Woman and Man Charged with Running $2.2 Million Scheme That Tricked Banks into Cashing Out Victims&#039; Mortgages\" \/>\n<meta property=\"og:description\" content=\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0SANTA ANA, California A federal grand jury has charged two Orange County residents with fraudulently obtaining more than $2 million by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cjnotebook.com\/?p=53719\" \/>\n<meta property=\"og:site_name\" content=\"American Justice Notebook\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AmericanJusticeNotebook\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-02T02:41:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/06\/Mortgage-Fraud.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"310\" \/>\n\t<meta property=\"og:image:height\" content=\"256\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raul\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raul\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=53719#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=53719\"},\"author\":{\"name\":\"Raul\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\"},\"headline\":\"Calif. 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Woman and Man Charged with Running $2.2 Million Scheme That Tricked Banks into Cashing Out Victims' Mortgages\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=53719#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=53719#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/Mortgage-Fraud.jpeg\",\"datePublished\":\"2023-08-02T02:41:17+00:00\",\"description\":\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0SANTA ANA, California A federal grand jury has charged two Orange County residents with fraudulently obtaining more than $2 million by\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cjnotebook.com\\\/?p=53719\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=53719#primaryimage\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/Mortgage-Fraud.jpeg\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/Mortgage-Fraud.jpeg\",\"width\":310,\"height\":256,\"caption\":\"(Image Source: Justice.Gov)\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"name\":\"American Justice Notebook\",\"description\":\"&quot;Our liberty depends on the freedom of the press, and that cannot be limited without being lost.&quot; \u2014  Thomas Jefferson\",\"publisher\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cjnotebook.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\",\"name\":\"American Justice Notebook\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"width\":675,\"height\":231,\"caption\":\"American Justice Notebook\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/AmericanJusticeNotebook\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\",\"name\":\"Raul\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"caption\":\"Raul\"},\"description\":\"Raul Hernandez is a former journalist. 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Woman and Man Charged with Running $2.2 Million Scheme That Tricked Banks into Cashing Out Victims' Mortgages","isPartOf":{"@id":"https:\/\/cjnotebook.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cjnotebook.com\/?p=53719#primaryimage"},"image":{"@id":"https:\/\/cjnotebook.com\/?p=53719#primaryimage"},"thumbnailUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/06\/Mortgage-Fraud.jpeg","datePublished":"2023-08-02T02:41:17+00:00","description":"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0SANTA ANA, California A federal grand jury has charged two Orange County residents with fraudulently obtaining more than $2 million by","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cjnotebook.com\/?p=53719"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/?p=53719#primaryimage","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/06\/Mortgage-Fraud.jpeg","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/06\/Mortgage-Fraud.jpeg","width":310,"height":256,"caption":"(Image Source: Justice.Gov)"},{"@type":"WebSite","@id":"https:\/\/cjnotebook.com\/#website","url":"https:\/\/cjnotebook.com\/","name":"American Justice Notebook","description":"&quot;Our liberty depends on the freedom of the press, and that cannot be limited without being lost.&quot; \u2014  Thomas Jefferson","publisher":{"@id":"https:\/\/cjnotebook.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cjnotebook.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cjnotebook.com\/#organization","name":"American Justice Notebook","url":"https:\/\/cjnotebook.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","width":675,"height":231,"caption":"American Justice Notebook"},"image":{"@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/AmericanJusticeNotebook"]},{"@type":"Person","@id":"https:\/\/cjnotebook.com\/#\/schema\/person\/f5521baddca77b521f012298775186c0","name":"Raul","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","caption":"Raul"},"description":"Raul Hernandez is a former journalist. 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