The Orange County Criminal Lawyer Blog
A Riverside County woman who worked as a foreclosure specialist at Fannie Mae in Irvine has been accused of taking over $1 million through accepting bribery and employing fraudulent sales practices with company-owned properties.
Shirene Hernandez, a 45-year-old resident of Riverside County, was a real estate owned foreclosure specialist for the government-sponsored Fannie Mae in Irvine. Her job duties entailed matching properties owned by the company with brokers and accepting sales offers when proposed by the brokers.
During a time period spanning from April 2011 and July 2016 Hernandez has been accused of personally profiting off of the sales transactions of the properties through fraudulent means. Court documents reflect that Hernandez allegedly accepted gifts and cash from certain brokers in order for them to gain the listing so they would profit off of the sales commissions. In addition, some of the foreclosed properties were said to have been purchased by Hernandez at a price below market value, using different names, and then rented out for profit. In total, it was estimated that Hernandez acquired more than $1 in profits from the alleged fraud.
Hernandez appeared in the U.S. District Court in Los Angeles on Friday, January 26 for her arraignment. She was charged with two counts of wire fraud, and if she is convicted she could receive a penalty of up to 20 years in prison on each count. Hernandez entered a plea of not guilty to the charges and posted $65,000 bail. She is due back in court on March 20.
If you or someone you love is suspected of fraud, contact Orange County criminal defense lawyer Staycie R. Sena at (949) 477-8088 for a consultation now.