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Response to Tansy_Gold (Original post)

Mon Aug 13, 2012, 08:07 AM

24. Seal Beach man to pay $5-million to settle foreclosure suit

http://www.latimes.com/business/la-fi-scam-watch-20120813,0,4620714.story

Terrill Meisinger agreed to pay the money to resolve allegations that he operated a fraud that targeted homeowners, renters and banks...Terrill Meisinger agreed to pay the money to resolve a lawsuit filed against him by the U.S. attorney's office in Los Angeles. Federal attorneys had accused Meisinger of contacting people who were facing foreclosure and making small cash payments, typically $500 to $1,500, to them if they deeded their homes to him and moved out before banks completed foreclosure. Meisinger then transferred the titles to third parties, whose identities he had stolen, and filed bankruptcies that triggered automatic stays on foreclosures. While banks tried to assess what had happened, Meisinger rented the homes, raking in huge profits, the U.S. attorney's office alleged. From 2000 to 2004, Meisinger collected more than $1.5 million in rents without making mortgage payments on the properties, most of which were in Riverside and San Bernardino counties, the U.S. attorney's office said.


ENTERPRISE! IT'S WHAT MADE AMERICA WHAT IT IS TODAY---A CRIMINAL CONSPIRACY

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