John Marcus Desenberg, of Westlake Village, doing business as Creative Lending Solutions, devised a scheme targeted at distressed homeowners. It was part of the scheme that Desenberg would get referrals from individuals who marketed a “Fresh Start” program via the internet, radio, and by advertisements sent through the U.S. mail. The home was sold to the investor, the homeowner would be allowed to stay in their home and would purportedly work on repairing their credit during the specified time period. At the end of the period, the distressed homeowner would be given the option of purchasing their home back from the investor.
It was part of the scheme that Desenberg fraudulently induced homeowners to sign an approval form authorizing some of the sale proceeds to be given to Creative Lending Solutions as payment for fees, including but not limited to a finder’s fee and a consultation fee in an amount typically ranging from $15,000 to $20,000.
To view the full Press Release from the U.S. Attorney office, see here:http://www.justice.gov/usao/cae/news/docs/2012/03-07-12DesenbergGuiltyPlea.html
- Prosecutors Announce End To Foreclosure Scheme (denver.cbslocal.com)