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Guilty Plea in Bakersfield Mortgage Fraud Scheme (Federal Bureau of Investigation - Sacramento Field Office)

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(Source: Federal Bureau of Investigation - Sacramento Field Office) FRESNO, CA-Arlene Jeanette Mojardin, 32, of Bakersfield, pleaded guilty today to conspiracy to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield, U.S. Attorney Benjamin B. Wagner announced. According to court documents, from 2007 to 2010, Mojardin conspired with others to use straw buyers to purchase residential properties in Bakersfield. They paid straw buyers to purchase properties developed by Jara Brothers Investments (JBI) and Pershing Partners LLC...

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