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Former Campbell Real Estate Agent Jill Silvey Appears in Court Jan. 15

Silvey, who allegedly stole more than $1.2 million from more than 20 individuals, will be back in court Tuesday.

 

Santa Clara County Superior Court Judge Philip Pennypacker will hear testimony from the more than 20 alleged victims Tuesday.

At a Nov. 19 meeting, Pennypacker decided before he made a decision in the case that alleges Jill Silvey committed real estate fraud, he needed to hear from the accusers first, Santa Clara County Deputy District Attorney Kathy Wells said.

Silvey, 51, was arrested on June 27 in her San Jose home on charges she defrauded or falsely used identities of more than 20 individuals between 2005 and 2011. She is accused of stealing $1.214 million by asking investors to loan money to borrowers who could not qualify for traditional loans.

According to court documents, Silvey would forge the names of supposed borrowers to create fake loan documents and deeds in order to convince investors that their money was secured by an interest in each fictitious borrower's real estate. 

"She was taking one person’s money and delivering it to another," said Santa Clara Superior Court Judge Paul Colin. "It's what we call a Ponzi Scheme. There’s no real investment." 

Colin was originally the attorney on the case before being elected Superior Court Judge. Wells took it over.

According to court documents, alleged victims said Silvey came across as " very trusting."

Her husband had no idea, the documents read.

Colin affirmed this, stating, "Our evidence shows that her alleged criminal acts were done by her alone."

Several of the named victims are at least 65 years of age, so elderly financial abuse counts are included in the charges, which will add a sentence enhancement, Wells said.

As for the $1.2 million that Silvey is alleged to have stolen, restitution will be ordered by the judge if/when she's convinced, Wells said.

"But the money may not be readily available," Wells says.

Once convicted, there will also be a civil judgement that can be enforced through garnished wages and liens on private property such as any homes Silvey may still own.

"Of course, if (she) is in prison, it's not likely," Wells said.

Silvey's next Santa Clara County Superior Court date is Jan. 15, 9:00 a.m. in department 30. 

D.A. Investigator Jodi Thomas is investigating the case. Anyone with information is invited to contact Thomas at 408-792-2928 or jthomas@da.sccgov.org.

To read all of Campbell Patch's coverage, click here.

 

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CJ January 14, 2013 at 04:19 PM
I attended the December court hearing in which victims spoke. I was there to support friends and loved ones who were victimized by her. It was one of the most heartbreaking events I have sat through. The people she victimized are GOOD people, hardworking, responsible people. Just an update, I don't know if it's of "official record" yet, but the amount of fraud is well over 1.214 million. It is over 2 million. The court date is open, and all are welcome to attend, whether you're planning on speaking or not. If you want to hear the devastation this woman has amassed firsthand, you should go.
Burnedbysilveys2 January 14, 2013 at 05:20 PM
CJ I was wondering if they were ever going to change that $$$ amount! I'm sure it will take time before she is sentenced and the victims can at least have some gratitude Karma gets her back. Silvey's tried taking from my family as well but I always was one up on her and after 5 bad checks from Scott and Jill over there years we ended the friendship due to me telling her "I know you are up to something but I could not put my finger on it , how are your investors depositing bad checks to you? That always was hers and Scott's excuse for them writing us bad checks. that was the end of a 11 year friendship. My heart goes to the Victims. We were shunned by other friends do to our blow up and me telling others that the Silvey's write bad checks with the same old lie every time. . Opening my big mouth on what SCUM I thought of the Silvey's, now the shoe is on the other foot and they are victims in this case. If Scott's not arrested than maybe he should start paying the victims back he has things he can sell his Harley, SUV at least do something to get your name out of the Sewer if you supposedly had NO knowledge of Jill's doings.
JM Schmidt January 22, 2013 at 06:44 PM
I wonder who the title company was, her sister is an escrow officer.
CJ January 25, 2013 at 07:57 PM
@JM Schmidt - I don't know how much you know about this case. I would like to clarify something for you and everyone else. Yes, Jill's sister is an escrow officer. She happens to be highly respected in her field for her work ethic, honesty, and much more. Many years ago, Jill had a couple of LEGITIMATE escrows handled by her sister's title company. What Jill did in all of these FAKE loans, is completely forged, cut and pasted. There was NO title company involved. Jill went so far as to cut and paste her own sister's notary to use on FAKE deeds of trust to present to her victims. Jill has not only RUINED countless friends and acquaintances both financially and emotionally, she put her OWN SISTER'S career in jeopardy by using her name. Unforgivable.
Andy Starr May 06, 2013 at 08:44 PM
I'm a neighbor I new from the moment I met this so called family that they were dougchbag, arrogant assholes. Not surprised they were up to something .hope you rot in hell.... Never a happy ending to scammers and crank fiends they are all the same... Losers !!!!!!!!!!!!

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