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McGREGORW.SCOTTUnitedStatesAttorneyLAURAL.FERRIS,ELLEN
V.
EN.bRIZZIAssistantU.S',.Attorneys501I"Street,/?uite10,-100Sacramento,'California95814Telephone:(916)554:
-""1"1
ORIGINAL
\'~FILEO
/MARI82008
,etl~nnbv.~R~b81moJA'i.f,,'b\THIA'
v;,',,,',,,
,1iMY_
u;.;;
INTHEUNITEDST/u,
OR
THE,EASTERN'DISTRICTOFCl\LI):"ORN.l..\)No.
)
.2:
0
0-
CR
·,01'16III,
)
)
,
)\YIQti.!\.TIONS:::18
U.S•C•
)\~,,:~;1'~
c,?nsp~racyto)Cbmm~t'Ma~lFraud;)18,U.S.C.
§
1341-Mail)F:~au~
(3
Counts);)1;8U'.S.C.
§
19S6(h)-)CbIi~piracytoCommit'",,~,)MoneYLaundering
.
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-----------------------------------
UNITEDSTATESOFAMERICA,Plaintiff,
.
•
:,.
v.
CHARLES
HEm,
KEITHBROTEMARKLE/BENJAMINBUDOFF/JOHNCORCORANakaJackCorcoran,DOMONICMcCARNS,LISAVANG/and
KOU
YANG/Defendants.
22
,COUNTONE)[18U.S.C.
§
371-ConspiracytoCorrunitMailFraud]
23
TheGrandJurycharges:24
25
26
27
CHARLESHEAD/KEITHBROTEMARKLE/BENJAMI~BUDOFF,JOHNCORCORANakaJackCorcoran,,DOMONICMcCARNS,LISAVANG/andKOUYANG,.28defendantsherein,asfollows:
1
"
1
I.INTRODUCTION21.."Beginninga~adatenolaterthanonoraboutMarch19,32005,andcontinuingtoatleastJune30,2006,intheStateand4EasternDistrict/ofCaliforniaandelsewhere,thedefendants5conspiredtotarget.homeowners"infinancialdd.st.resand6p-erpetratean"equitystripping."scam..Aspartoftheagreedto7schemeandartificetodefraud,thedefendantscommun:i:catedwith8thesehomeownersandmadevaryingmaterialmisstatementsand
--
9omissionstoassurehomeownerstha~theywouldbeabletoentera10programthatwouldallowthemtorepairtheirdamagedcredit,
r1
refinancetheirhomewithinayear,andkeeptheirhome.
i
12_Further,asapartandresultoftheschemeand'artificeto13defraud,thedefendants:1)paidstrawbuyerswhoreplaced~he14homeownersonthetitlestotheproperties;
2)
uaedv
t
hestraw15buyerstoapplyformortgagestoextractthemaximum.available16equityfromthehomes;.and3)received"rents"paidbythevictim17homeown€rsj'who,basedonthematerialmisrepresentationsmade,18believedthatsuchpaymentswouldrepairthehomeowners'credit.19Aftertheoneyearterm,andmosttimesbefore,homeownerswere20leftwithouthomes,equity,orrepairedcredit.21II.PARTIES.PERSONSANDENTITIES22A..HeadFinancialServicesandCreative'Loans23
2.
OnoraboutAugust15,2001,.defendantCHARLESHEAD24.incorporated,andcausedtobeincorporated,Head.Financial25Services,Inc.(HFS),intheStateofCalifornia.A26correspondingbankaccountforHFSwasopenedatPacific27MercantileBankonoraboutAugust26,2004.'DefendantsCHARLES28HEADandKOUYANGweretheoriginal·signatoriesontheaccount.
2
.
On'OraboutdefendantCORCORANwasaddedasaJune6,2005,JOHN
/
2
signatory.33.OnoraboutJune,15,2004,defendantCHARLESHEAD4created,andcausedtobecreated,alimitedliabilitycompany,5CreativeLoans,LLC(CreativeLoans),inthe'State'ofCalifornia.
__..
.
,
6
A
correspondingbankaccountfor'CreativeLoanswasopenedat7PacificMercantileBankonoraboutOctober,12,2004.
8
4.
Attimesrelevant'tothisIndictment,defendantsKEITH9BROTEMARKLE,BENJAMINBUDOFF,DOMONICMcCARNS,LISA,VANGandKOU10
YANG
wereemployeesofHFSand/orCreativeLoans.11B.OtherBusinessEntitiesUsedintheS'chemetoDefraud'12
5.
AttimesrelevanttothisIndictment,NationsProperty13Managementwasapropertymanagemententitythataidedthe14executionoftheschemetodefraud.DefendantJOHNCORCORAN
15
representedhimselfasworkingforthisentity.APacific16MercantileBankaccountopenedunderCreativeLoanslisteda17"doing,businessas"NationsPropertyManagement.
186.
AttimesrelevanttothisIndictment,A-OneProperty19',Investmentswasapropertymanagemententitythataidedthe20executionoftheschemetodefraud.Defendant'JOHN,CORCORAN21representedhimselfasworkingforthisentity.
22
7.
AttimesrelevanttothisIndictment,thedefendants23usedotherbusinessnamesandwebsitestoperpetuatethefraud24ipcluding"butnotlimited'to,FundipgForeclosure.com,FUnding25Foreclosure,and$30kperyear.com.APacificMercantileBank26accountopenedunderCreative'Loanslisteda"doingbusinessas",
,
27FundingForeclosure.com.
28
8.
AttimesrelevanttothisIndictment,PremiereServices
3
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