"The U.S. Attorney's Office in Los Angeles said in a news release that in late 2023 and January 2024, the defendants allegedly carried out a fraudulent sale of a $1.5 million Burbank home, and completed the transaction by using the stolen identities of the victim homeowner and a purported buyer. They collected about $975,000 in loan proceeds through the scheme, prosecutors said."
"Cardona allegedly used her company Golden Escrow, which has offices in Downey and Sherman Oaks, to acquire an evaluation report to determine whether the Burbank property had any debt attached to it, The defendants allegedly prepared fraudulent documents, including false identity cards, a purchase agreement, a grant deed, a deed of trust, and loan applications, prosecutors said. Deeds were also allegedly falsely notarized."
"Cardona allegedly claimed to represent the victim seller and victim buyer, through neither authorized the transaction, and controlled the escrow, the news release said. Tikriti allegedly used the victims' stolen identities to impersonate them both. Reyes and Akopyan allegedly pretended to be mortgage brokers and turned in fake loan applications to try to solicit lenders to finance the fraudulent transaction."
Federal authorities arrested real estate broker and escrow operator Glenis Cardona, 63, Ivan Reyes, 50, and Arshak John Akopyan, 46, and sought defendant Basil Tikriti, 54. The defendants are charged with wire fraud over a late-2023 and January 2024 fraudulent sale of a $1.5 million Burbank home using stolen identities of the homeowner and a purported buyer. The scheme generated about $975,000 in loan proceeds. Cardona allegedly used Golden Escrow to obtain an evaluation report, prepared and submitted forged documents and false notarizations, and controlled escrow. Tikriti allegedly impersonated victims; Reyes and Akopyan allegedly posed as mortgage brokers and submitted fake loan applications.
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