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Real Estate Brokers Imprisoned for Scheme to ‘Wash’ Titles to Million-Dollar San Diego Homes (Federal Bureau of Investigation - San Diego Field Office)

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(Source: Federal Bureau of Investigation - San Diego Field Office) Assistant U.S. Attorney Emily W. Allen (619) 546-9738 NEWS RELEASE SUMMARY - March 21, 2016 SAN DIEGO - Brothers and former San Diego real estate brokers Adel Afkarian and Atef Afkarian were sentenced today to prison for their role in a fraudulent 'debt elimination' scheme that purported to eliminate the mortgages on several million-dollar homes in San Diego. U.S. District Judge John A. Houston sentenced Adel Afkarian to serve 18 months in custody and Atef Afkarian to serve 13 months. In addition to the time in custody, the brothers were both ordered to pay more than $5.5 million in restitution to the victims of the scheme....

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