Industry NewsMortgage

California schemin’ leads to prison time for two San Diego men

Nationwide mortgage relief scam defrauded thousands of distressed homeowners out of more than $12 million

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Two leaders of a nationwide mortgage relief scam that defrauded more than 3,200 homeowners across the nation out of more than $12 million received their prison sentences this week. Dean Gregory Chandler, 50, the former president, CEO and attorney of sham law firm First American Law Center, will spend 12 years for his role in a loan modification scheme. One of Chandler’s ex-employees, Michael Eccles, 35, a former manager in First American Law Center’s telemarketing call center, was sentenced to five years. The men were convicted in November following a three-week trial in which multiple victims of the scheme came from across the country to testify about their experiences. According to evidence presented at trial, Chandler created First American Law Center in 2009 in partnership with convicted drug trafficker Gary Bobel (who was separately convicted and sentenced for his role in the scheme). Chandler arranged to have Bobel oversee the call center and its teams of telemarketers,...