Denver Man Found Guilty Of A Mortgage And Real Estate Scam

Dated: 01/10/2017

Views: 214


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, [email protected]

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....

Latest Blog Posts

Your First Step in Buying a Home!

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often

Read More

New Listing - Denver - Under $175,000

You will fall in love with this 2 bedroom condo located at5995 W Hampden Avenue, H14 in Denver.   Centrally locatedoff of Hampden between Sheridan and Wadsworth. This home has been

Read More

7 Signals The Home You Are Looking At Will Have a Solid Resale Value

While it might seem premature to think about selling a home before you even buy it, it's important to remember that a house is an investment. And in an ideal world, investments make&

Read More

Equestrian Ranch on 5 Acres in Elizabeth, CO

OPEN TO THE PUBLIC THIS SUNDAY, OCTOBER 14 FROM 11 AM- 2 PM.This is a horse lover's dream! Gorgeous country-quiet setting yet city-close with fenced backyard adjacent to open space. Comfortable,

Read More