Investigators estimate hundreds of victims lost more than $6 million in the scheme in which would-be buyers put up cash for homes that were not for sale. It involved companies based in Cerritos, La…
LOS ANGELES — A Southern California man, who worked with his sister to operatein which homes were listed for sale without the owners’ consent and would-be buyers were bilked out of money, pleaded guilty Monday to a federal charge.
Schoneke faces up to 20 years in federal prison on Aug. 8, when he will be sentenced by U.S. District Judge R. Gary Klausner. Schoneke and Gonzalez, with the help of co-conspirators, operated real estate and escrow companies based in Cerritos, La Palma and Long Beach under various names, including MCR and West Coast, prosecutors said.
Using other people’s broker’s licenses, Schoneke and Gonzalez listed the properties on real estate websites such as the Multiple Listing Service. In some cases, the homes were marketed through open houses that co-conspirators were able to host after tricking homeowners into allowing their homes to be used, according to court papers.
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