FBI charges 11 with defrauding elderly, falsely obtaining real estate loans in $17M scheme

Federal prosecutors are bringing down the hammer on nearly a dozen people accused of defrauding elderly victims.  The U.S. Attorney’s Office unsealed a 15-count indictment this week for 11 people, mostly Southern California residents, accused of orchestrating a complex operation that used stolen identities to secure loans backed by properties across Los Angeles neighborhoods, according to federal officials, CBS News and KTLA reported.  Prosecutors allege the scheme ran from January 2021 through May 2023, with defendants Nazaret Chakrian and Arnold Moradians targeting older property owners in areas including Santa Monica, Hollywood, Westwood and Chinatown. The defendants allegedly harvested personal identifying […]This article originally appeared on The Real Deal. Click here to read the full story.