Industry News

Colorado real estate agents face fraud charges

Allegedly aided in bogus home loan scam

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Two Colorado real estate agents were indicted Tuesday on charges related to fraud on illegal home loans, officials said. William E. Mendez, 40, of Lakewood, Colo., and Claudia M. Mendez, 33, of Lakewood, face charges of wire fraud related to falsifying documentation to illegally obtain home loans for people who did not qualify, a U.S. Attorney said. Also named in a second superseding indictment was Benedicta Gomez, 48, of Denver, for allegedly preparing the false documents for the bogus loans. William and Claudia Mendez were arrested Wednesday without incident, officials said, and Gomez will receive a summons. In its crackdown on real estate-related fraud, the U.S. Attorney's Office said it has obtained 12 indictments charging 84 defendants with various types of mortgage lender or buyer fraud since early 2003. According to the Mendez indictment, between July 2000, and November 2002, the defendants operated and/or worked at the Mendez Team real estate agency in Lakewood, Colo. Wi...