Springfield VA-Former Real Estate Agent Sentenced to Five Year Prison Term

By
Real Estate Broker with CJ Realty Group, Inc.

Former Real Estate Agent SentencedLate last week a fomer real estate agent who had been the target of an FBI investigation and subsequently indicted in 2009 has learned his fate.

Ruben Rojas and his family led a real estate and mortgage fraud scheme that resulted in losses to lenders to the tune of $9 Million Dollars.  Many of the homes that they were involved in flipping or tearing down to rebuild large McMansions subsquently turned into boarding homes in older Springfield neighborhoods. 

It was those boarding houses that led to complaints by neighborhood citizen groups which unraveled the mortgage fraud and subsequently the arrest of close to 20 people including Ruben Rojas his sister-in-law, Litcia Linares, his sister Lourdes Rojas Almanza and his two brothers Grovert Rojas and Jaime Nino Rojas.

Prosecutors were surprised when the judge sentenced Rojas to 5 years in prison and 5 years of supervised release. More than the recommended sentence.   He was also ordered to pay restitution in the amount of $9.5 million.   A lawful permanent resident from Bolivia, Rojas will be turned over to immigration authorities for deportation proceedings following his release from prison.

The results of  the Rojas scheme can been seen by anyone driving through neighborhoods in Springfield.  Most of the homes involved in the transactions have gone into foreclosure or have been sold as short sales.  The 30 transactions included in the indictment amount to $24 Million in illegal loans received with bogus documents created by the Rojas group.

Though the sentencing will not fix the sharp decline of home values in central Springfield, nor will it fix the blight that the McMansions leave among the older smaller homes but it should send a message to other agents who were involved in mortgage scams and flipping schemes.  The FBI and local authorites aren't going to let you off lightly when your day in court arrives.

 

 

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                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and CJ Realty Group,  a call at 703-346-2213. 

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  1. Margaret Woda 07/24/2010 03:35 PM
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Topic:
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Location:
Virginia Fairfax County Springfield
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Tags:
springfield va short sales
mortgage fraud in springfield va
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Comments 17 New Comment

Rainer
147,546
Don Spera
Serving York and Adams County, PA
CR Property Group, LLC

No wonder the public has their guard up every time a Realtor approached them.

July 07, 2010 03:43 AM
Ambassador
1,770,989
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
CJ Realty Group, Inc.

Don-certainly when our market was scorching hot (unlike our current weather) there were far to many scams going on.  I understand a couple of other agent in our area are also under investigation by the FBI.

July 07, 2010 07:23 AM
Rainmaker
276,790
Kathryn Maguire
Serving Chesapeake, Norfolk, VA Beach
GreatNorfolkHomes.com (757) 560-0881

Thanks for this information.  I am glad they included restitution as part of the sentence.  Hopefully, it may make people think twice about unethical behavior.  (Too bad he could not spend his incarceration in a Bolivian jail...I am sure that would be much less pleasant!)

July 24, 2010 05:45 PM
Rainmaker
894,985
Tony Marriott
Associate Broker, REALTOR
Haven Express @ Keller Williams Arizona Realty

We reward "good behavior" of Buyer Agents who have Buyers who purchase our short sale listings.  "Bad behavior" is .... "discouraged".

September 05, 2010 10:29 AM
Ambassador
1,770,989
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
CJ Realty Group, Inc.

Tony and Suzanne-I'm not 100% sure what your comment is referring to on this post but thanks for stopping by.

September 05, 2010 03:08 PM
Ambassador
1,770,989

Cindy Jones

Pentagon, Fort Belvoir & Quantico Real Estate News
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