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federal indictiments: fraud 06/27/12 11:15p.m. TDH

3 bay-area residents have been indicted on federal charges, for allegedly defrauding potential real estate clients in salinas.   the 3 are accused of soliciting low-income buyers to purchase homes in salinas.  the suit claims that the buyers were intentionally targeted, with the knowledge that they could not afford the houses.   The houses in the rancho amistoso subdivision were priced at more than 650-thousand dollars.  12-buyers were targeted; the defendants are accused of falsifying documents to help the sales move forward.

 

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