{"id":6019,"date":"2014-09-15T18:45:46","date_gmt":"2014-09-16T01:45:46","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=6019"},"modified":"2014-09-15T18:45:46","modified_gmt":"2014-09-16T01:45:46","slug":"auctioneer-sent-prison-two-years-defrauding-banks","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=6019","title":{"rendered":"Auctioneer Sent to Prison for Two Years for Defrauding Banks Using Overnight Courier"},"content":{"rendered":"

\"JUSTICE<\/a>SANTA ANA, CALIFORNIA<\/strong> – An Orange County auctioneer who defrauded banks by accepting bribes to lower the amount of winning bids in trustee auctions was sentenced Monday to two years in federal prison, federal officials said today.<\/p>\n

Reyna Peinado, 48, of Huntington Beach admitted to\u00a0conspiring with another person \u00a0\u2013 identified in court papers by the initials \u201cS.F.\u201d \u2013 in a scheme to defraud banks.<\/p>\n

The crime took place between February 2012 and lasted for about three months, officials said.<\/p>\n

Peinado conducted real estate auctions on the steps of the Orange County Courthouse on behalf of a trustee known as Reliable Posting and Publishing , which represented banks which held title of the foreclosed properties.<\/p>\n

Peinado began the auctions with an opening bid for a property located in Orange County, and attendees would then call out bids, all of which the defendant would tally before declaring a winning bidder.<\/p>\n

Once the trustee sales were conducted, Peinado called in the sale price and used an overnight courier to send a receipt of funds and cashiers\u2019 checks from the winning bidder to Reliable Posting and Publishing, which posted the sale price on the website for the property.<\/p>\n

At the conclusion of some of the trustee sales, \u00a0officials said Peinado contacted the winning bidder to solicit a bribe in order to reduce the purchase price of the property.<\/p>\n

In return for about $5,000 per property, \u00a0authorities said Peinado reduced the sale price from between $15,000 to $57,000 less than the winning bid purchase price.<\/p>\n

By reducing the purchase price on seven properties, Peinado caused approximately $261,500 in losses to the banks.<\/p>\n

The FBI conducted the investigation.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

SANTA ANA, CALIFORNIA – An Orange County auctioneer who defrauded banks by accepting bribes to lower the amount of winning bids in trustee auctions was sentenced Monday to two years in federal…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[871,870],"class_list":["post-6019","post","type-post","status-publish","format-standard","hentry","category-home-main-slider","tag-auctioneer","tag-orange-county"],"yoast_head":"\nAuctioneer Sent to Prison for Two Years for Defrauding Banks Using Overnight Courier<\/title>\n<meta name=\"description\" content=\"SANTA ANA, CALIFORNIA - An Orange County auctioneer who defrauded banks by accepting bribes to lower the amount of winning bids in trustee auctions was\" \/>\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=6019\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auctioneer Sent to Prison for Two Years for Defrauding Banks Using Overnight Courier\" \/>\n<meta property=\"og:description\" content=\"SANTA ANA, CALIFORNIA - 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