FBI arrests California mother-daughter duo, accuses them of defrauding lenders of about US$5M from home sales

Nevin Barich

Nevin Barich

MANTECA, California , September 22, 2009 () – The FBI has arrested a Manteca mother and daughter accused of defrauding lenders of about $5 million from home sales.

Prosecutors say 49-year-old Helen Sotiriadis and her daughter, 23-year-old Irene Sotiriadis, sold 30 residential properties to Cambodian nationals between March 2006 and November 2007. But a complaint filed Monday alleges the women inflated the buyers' incomes on loan papers and promised them refinancing would drop their monthly payments.

Prosecutors say the women never did any refinancing and the homes went into foreclosure.

FBI agents arrested the pair Sunday after they got a tip that the women were planning to relocate to Greece.

Attorneys for the woman insist their clients were not trying to flee prosecution.

AS-image © 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.