Industry News

Californians arrested in real estate fraud scheme

Duo allegedly used customer info for false transactions

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Two California men were arrested Friday for real estate fraud, the culmination of a six-month investigation. John Wilfred Curley, 37, of Sacramento, and Muhammad Adenwala, 30, of Roseville, were arrested by the Sacramento Police Department's real estate fraud unit Friday, the department said. Curley and Adenwala were booked into the Sacramento, Calif. county jail and charged with recording false documents, forgery, grand theft and conspiracy, police said. The unit had been investigating allegations that Curley, owner of JC Lending in Sacramento, and Adenwala, owner of Mountain View Mortgage and a certified notary public, were involved in a real estate fraud scheme, police said. According to the department, Curley and Adenwala used information from their customers to falsify quit claim deeds. The suspects would then allegedly record the forged documents and obtain loan proceeds from the false transaction, the department said. The department doesn't know how many of Curley and Adenwala...