Benjamin Moraleda

3 indicted in alleged foreclosure rescue scam

Cara McCoy, Las Vegas Sun

Three men have been indicted on theft charges in an alleged foreclosure rescue scam that bilked people out of thousands of dollars to modify loans, the state Attorney General’s office announced Thursday.

Jason Todd Wilhite, Ronald Quilang and Benjamin Moraleda allegedly operated a document preparation and loan modification business called Rescorp between June 2008 and January 2009 in Las Vegas. Rescorp charged between $1,200 and $2,200 “for loan modification and document preparation services and misled customers by falsely claiming that their services would prevent foreclosures on their homes and/or that they would obtain loan modifications,” according to a statement released by Nevada Attorney General Catherine Cortez Masto.

The Attorney General’s office received numerous complaints about misrepresentations the men made, including several clients who said they paid Rescorp thousands of dollars for its services but said the company never contacted the clients’ lenders to obtain loan modifications, Cortez Masto said.

Prosecutors claim the services were never performed, but they also say customers were further defrauded when the men had them sign false documents that gave the men liens on the victims’ homes.  (Read more)