Denver Man Found Guilty Of A Mortgage And Real Estate Scam

Dated: 01/10/2017

Views: 159

Sarabia-Martinez


A Denver man who was been a mastermind of a group that scammed victims of millions of dollars through mortgage and real estate fraud schemes, has been sentenced to 24 years in prison, announced last Monday by Colorado Attorney General Cynthia H. Coffman. He was found guilty of several counts including felony violations of the Colorado Organized Crime Control Act, CO-Conspiracy, forgery, theft, and criminal impersonation.  Sarabia-Martinez is expected to also be ordered to pay restitution to his victims of close to $1 million.


Sarabia-Martinez, together with his associated co-conspirators used their status as professionals in the real estate industry to perform a long-term diverse fraud for profit scheme, according to Coffman’s office. The arrangement mainly centered on mortgage fraud as well as the manipulation of several real estate transactions through the use of fraudulent statements, material omissions, acquiring false identification and notary commissions, as well using “straw buyers” to buy and sell real estate properties that eventually caused un foreseeable foreclosures.


When these straw buyers’ properties were foreclosed, Sarabia-Martinez and his associates had successfully able to fraudulently acquire money through fees, commissions, and by diverting the excess profit that was gained from expediting these fraudulent loans from the misled lenders. These criminal activities took place in numerous jurisdictions, including the city and county of Denver, Adams County and Arapahoe County.


“The exceptional collaboration between our state and federal partners made a tremendous difference in this case by helping to bring some justice to those impacted by this pervasive crime and preventing additional victims from being targeted by Mr. Sarabia-Martinez in the future,”  said CBI Director Mike Rankin.


Also charged along  with Sarabia-Martinez, five of his accomplices including his wife, mother, father and brothers have pled guilty to several charges attaching them to the scheme, . Previously Sarabia-Martinez was convicted of felony offenses related to domestic violence, for which he was also sentenced to 24 years in prison; both sentences will run consecutively for a total of 48 years.



Now is the time to sell, call me for the path to reaching your real estate goals

Kevin Fletcher and is a Denver native working with Exit Realty of Cherry Creek. Kevin specializes in helping Buyers, Sellers and Investors with real estate transactions in the Denver Metro Area. Within Denver, I have intimate knowledge of the Park Hill, Stapleton, City Park, and Baker Neighborhoods. Kevin Fletcher can also assist buyers looking for Fix and Flips, and rental properties. I can help with securing financing, investment analysis, rehab, and property management.To get an expert opinion on what your home is worth, or for a Buyer consultation, Call/Text or Email Kevin Fletcher at 303-818-4130, Kevin@exitrealtycherrycreek.com

Blog author image

Kevin Fletcher

My name is Kevin Fletcher and I am a Denver native working with Exit Realty of Cherry Creek. I specialize in helping buyers, sellers and investors with real estate transactions in the Denver Metro Are....

Want to Advertise on this Site?

Latest Blog Posts

Top 10 Things To Do When Selling Your Home

Are you looking for some advice on selling your home? Get Started today!   Have you Heard Homebot? The Colorado Company turning home valuations upside down!

Read More

OPEN HOUSE In Beautiful Morrison CO June 24

Come see us before Widespread Panic tomorrow night! Or, for some of you, come see us before you go to sleep from seeing Widespread the night before!  Either way...OPEN HOUSE Sunday, June 24th

Read More

Ultra Luxurious Soho Penthouse Is This Weeks Most Expensive New Listing

Highest Listing This Week for a Penthouse in SoHo! Can you quess how much ?!!?? .......$65 MILLION= 8000sqft + 4Beds + 6Baths  The kitchen reminds me of a

Read More

Gorgeous Condo 5 Minutes From The Lake Under 250k

Gorgeous well maintained condo off of C470 and Wads. Quick 5 minutes to the entrance of Chatfield Reservoir. Swim beaches, campground, recreational ponds for paddle boarding, canoeing, kayaking

Read More