Crime & Safety

UPDATE: Foreclosure Fraud Suspects Sentenced Today

Campbell Patch wants to know—were you a victim? Send us an e-mail or give us a call if you want to share your story.

*Updated at 4:26 p.m. Dec. 21.

The owners of former Campbell-based M & R Contemporary Solutions Inc. on 1845 Winchester Blvd. were scheduled to be sentenced Dec. 7 at 1:30 p.m. in Santa Clara Superior Court but were not.

Instead, Rene Alvarez, 39, and Mariano Ortega, 34, both of San Jose, had their lawyer ask for a postponement for sentencing. The postponement, a total of six weeks, was requested due to a new 7,000-page report filed by the Santa Clara County District Attorney's Office's Deputy District Attorney Mike Fitzsimmons.

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Fitzsimmons said he was OK with this.

The new sentencing date is scheduled for Feb. 15, 2011 at 1:30 p.m.

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Alvarez and Ortega also asked to be allowed to travel throughout the country for "business opportunities," their lawyer told the judge, but the judge told them that their requests would be looked at on a case by case basis.

Alvarez posted a $50,000 bail.

Alvarez and Ortega were indicted by the Santa Clara Grand Jury in what the Santa Clara County District Attorney's Office called a "wide-ranging loan modification scam."

According to a press release from the DA's office, the two men, along with Cydney Sanchez, 60, of Los Angeles, were arraigned in April on an 83-count indictment, which charged them with allegedly defrauding 45 homeowners in eight Northern California counties over a one-year period.

Alvarez and Ortega owned and operated M & R Contemporary Solutions Inc, a Campbell foreclosure-consulting firm from 2008-09, the release states.

The DA's office also said in the press release that the victims were also part of a larger scheme that included the theft of more than $2 million from more than 400 homeowners in seven different states. Most of these victims, however, were in California.

If you or someone you know were victims in this case—and if you or they would like to go public with the story, please e-mail editor Mayra Flores De Marcotte at mayra.marcotte@patch.com, or call her at 408-623-5145.


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