A Korean family of four in Chatsworth and a Los Angeles Koreatown resident were recently sued for an alleged mortgage fraud, according to the U.S. Department of Justice. The lawsuit is reportedly worth $30 million. The five suspects allegedly took part in a conspiracy to con homeowners and banks.
Chatsworth residents Dorothy Matsuba, 65, Thomas Matsuba, 64, Jane Matsuba Garcia, 40, and Jamie Matsuba, 31, and Young Park, 53, of Koreatown were recently charged with making a wire fraud, false statements and committing identity theft.
In the case of Dorothy Matsuba, 18-count indictment and six counts of identity theft, five counts of wire fraud and another five counts of making false statements have been charged. In addition, two counts of making false statements, one count of wire fraud and one count of identity theft were charged on for Jane Matsuba.
While Thomas Matsuba is Dorothy Matsuba’s husband, Jane Matsuba and Jamie Matsuba are Dorothy Matsuba’s daughters, according to authorities. Young Park is Dorothy Matsuba’s brother.
Thomas Matsuba is Dorothy Matsuba’s husband, and Jane Matsuba Garcia and Jamie Matsuba are Dorothy Matsuba’s daughters, authorities said. Additionally, Young Park is Dorothy Matsuba’s brother.
The suspects apparently ran various businesses under the name Ownership Management Service LLC and Trust Holding Service LLC, both of which claimed to have helped homeowners under high debt through conducting short sales.
The family allegedly talked homeowners into giving them the responsibility to negotiate with the banks to short sell their properties with an intention to defraud them.
During those alleged criminal acts, Dorothy Matsuba and other suspects did not make mortgage payments and submitted fraudulent short sale purchase offers to the banks to slow foreclosure and increase profits.
By Hyoung Jae Kim