Vietnamese woman accepts plea deal in $3 million real estate fraud case
Saturday, October 31, 2015 1:53:20 PM
Two women, Lynn Eichenberger and Loan Thi Tuong Nguyen, accepted a plea deal from an Orange County Superior Court Judge for their role in swindling up to 21 people out of nearly $3 million in a real estate fraud. The plea deal included a clause that promised their sentence would not exceed six years in prison.
Nguyen and her business partner, Lynn Eichenberger, were arrested in 2012 for real
estate fraud upwards of $2 million. They both accepted plea deals that would
guarantee no more than 6 years in prison. (Photo: Source Orange County DA)
(Nguyễn Thi Tường Loan và đồng phạm Lynn Elchenberger bị bắt trong năm 2012 vì tội lừa đảo địa ốc lên đến 2 triệu Mỹ Kim.Cả hai đã chấp nhận tội phạm của mình để được hứa(bảo đảm) là sẽ không bị tù quá 6 năm)-
Luật pháp Mỹ No contest-nếu không phải đối mặt với bản án 22 năm 8 tháng tù chưa kể trách nhiệm dân sự đối với hảng bảo hiểm)
Sentencing was set for Feb. 19 after Friday’s guilty pleas, giving probation officials enough time to prepare a report on the defendants’ suitability for probation and for the women to make an effort at paying restitution to the victims, which could help spare them time behind bars.
So far, Nguyen has paid $150,000 in restitution and her insurance company has paid about $300,000. Eichenberger has not made any restitution payments.
Nguyen could have faced 22 years and eight months in prison if convicted at trial. Eichenberger faced a maximum of 23 years and four months behind bars.
Nguyen, a licensed real estate broker, managed Suncoast Mortgage Corp. and Suncoast Investment Realty, and Eichenberger recruited clients to give them money to invest in foreclosed properties to which they had no claims.
Victims were told their money was going toward paying half of the balance owed on a property’s mortgage. When clients confronted the defendants because there was no return on their investments, the two would say the deal fell through.
The fraud scheme went on between August and December 2009. The pair were arrested back in February of 2012.
To read more, click here: http://mynewsla.com/orange-county/2015/10/30/pair-to-get-6-years-max-for-cheating-21-out-of-nearly-3-million/