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Costa Mesa man charged with fraud
Federal authorities in Los Angeles have charged five people,
including a 34-year-old Costa Mesa man, with wire fraud for allegedly
helping people obtain loans insured by the Federal Housing
Administration, officials said Wednesday.
The U.S. attorney's office has also charged 13 people of obtaining
more than $10 million in fraudulent loans insured by the U.S.
Department of Housing and Urban Development, officials said.
Prosecutors allege that Marcelo Giglio of Costa Mesa and four
others who were real estate and mortgage professionals provided
clients with false employment documents they had purchased from
Maggie Cuevas, a forger who pleaded guilty to fraud on Aug. 9.
If convicted, Giglio faces a maximum sentence of five years in
federal prison. He and other defendants are expected to be arraigned
next month.
