Just to make it clear from the outset, the Roberto Duran who along with six others was indicted in what Orange County prosecutors call the biggest loan modification scam in the country IS NOT Roberto Duran, the "no mas" boxer. According to the Newport Beach Police Department and Orange County District Attorney's office, 41-year-old Duran and his co-horts–who include two suspects still at large–stole about $13.5 million from around 3,500 distressed homeowners who were falsely promised loan-mod help.
Let's meet the whole group, shall we?
Irvine's Maziar Bordbar and Dana Point's Joel Valdellon, both 31, incorporated Consult Marketing Group Inc. and Secured Processing Inc. from November 2010 to June 2011, according to prosecutors.
Pamela Gressier, 54, of Huntington Beach, filed a statement with Orange County to do
business as Prudential Law Group, Remedy Law and Remedy Center Law, according to prosecutors. Her Prudential Law Group later became Prudent Law Group and advertised under these and other names, authorities add. Accused of lying to customers, laundering money and filing false tax returns, Gressier is the subject of an arrest warrant.
A warrant is also out for the arrest of Saeid Yarandi, 31, of Irvine, who is accused of operating the law groups with Gressier, lying to customers, laundering money and filing false tax returns.
attorney resident Nathaniel Ferrer, 26, is another alleged operator of the law group accused of lying to customers and money laundering. (*Correction: He's not the lawyer in this case. "At the time of the crime, Gressier was a licensed attorney and practicing law in California," according to the OCDA.)
Besides Duran and Valdellon, another sales team manager, according to the charges, was Masood Taghizadeh, 64, of Laguna Niguel.
Bordbar is also accused of making a series of transactions under $10,000 to avoid triggering an automatic notification to the Department of Justice.
Arraignments are scheduled for June 3.