Mother and Son Real Estate Professionals Sentenced to Prison for $8 Million Mortgage Fraud Scheme

Mother and Son Real Estate Professionals Sentenced to Prison for $8 Million Mortgage Fraud Scheme

October 10, 2012 – (RealEstateRama) — United States Attorney Laura E. Duffy announced today that Orange County attorney Stephen Kenneth Chrysler was sentenced to serve 37 months in prison for his role in an $8 million mortgage fraud scheme involving 16 homes in Oceanside, Escondido, San Marcos, Lakeside, and Menifee. His mother, Aida Agusti Castro, a Carlsbad real estate broker who was also sentenced for her role in the scheme, received a 33-month prison sentence. United States District Judge Jeffrey T. Miller also sentenced each defendant to forfeit over $350,000 in illicit proceeds.

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