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Monday, August 09, 2010

Montebello Foreclosure Con Man Raul Altamirano heading to the slammer for 4 years.

The Hill Street entrance to the Stanley Mosk C...Image via Wikipedia


If you're facing foreclosure, be very, very careful who you go to for help and advice. People like Raul Altamirano make 'to good to be true' promises, and guess what? It is too good to be true. In fact, it's a huge lie, and one that will cost you your home, credit rating, and a lot of money.


LOS ANGELES – A convicted con man who operated a Montebello realty company was sentenced Friday to four years in state prison, the District Attorney’s Office announced.

Raul Altamirano, 53, pleaded guilty on June 14 to one count of grand theft and admitted an allegation that the taking was more than $150,000.

Los Angeles Superior Court Judge James Bianco ordered Altamirano to pay $301,470.64 in restitution. Judge Bianco dismissed three counts – grand theft, loan application fraud and filing a false document – under the terms of the plea agreement.

Altamirano was charged on May 13, 2010, for defrauding a victim in 2007. The victim sought the defendant’s assistance for the purpose of taking $100,000 out of the equity of her home.Without the victim’s knowledge, Altamirano went on to take out two loans worth $429,000, stripping the home of all its equity. The victim never received any money, prosecutors said.

Deputy District Attorney Hilda Weintraub of the Real Estate Fraud Section prosecuted the case and Investigator Roberto Lim of the District Attorney’s Bureau of Investigation led the investigation. Altamirano, owner of Wings Realty, Inc., was the one-time subject of investigative news reports for allegedly baiting victims through foreclosure and loan-modification seminars.

The defendant began holding seminars shortly after pleading no contest to one count of grand theft and being placed on five years probation in a 2004 real estate fraud case
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5 comments:

Anonymous said...

This man was more than a conartist he is still doing business even behind bars. His son is now working real estate for him Steven Altamirano.I know for a fact he has many names and has done damage to alot of people all over money. Four years is a slap on the hand!

Anonymous said...

Raul Altamirano is more than a con He is still working even behind bars his son Steven Altamirano is working real estate. Four years is a slap on the hand for him he has taken so much from hard working people all for his own profit. All he cared about is money. He hurt so many people and is still not done his son is just like him. Such an evil man who will one day have to answer to a highter court.

Anonymous said...

I WAS JUST WITH THIS CHARACTER , ANSWER ME AND AND I CAN SAY WHAT HE WAS ABOUT BEHIND BARS , YEA WE WERE AWARE OF HIS BULLSHIT HE STOOD AWAY FROM US ,NO ONE IN PRISON REALLY HAD THE SCOOP ON HIM AND HIS CRIMES , JUST WOULD HEAR HOW HE STOLE MILLIONS FROM A BANK, AND HOW HE IS THE CO FOUNDER TO HIS OWN FEDERATION OF WRESTLING WITH LUCHA LIBRE, AND HIS SON ON THE JOSE LUIS SHOW ,AND ALL HIS FLYERS HE WOULD SHOW OFF TO EVERYONE ON THE YARD HOW FAMOUSE HE WAS ETC. ETC. ETC.

Anonymous said...

What a nut case! It's sad that he's still trying to live in his imaginary world. So he's still in?

Anonymous said...

What a nut case! It's sad that he's still trying to live in his imaginary world. So he's still in?