November 20, 2018

Peter Cash Doye and Raquel Reid were convicted for defrauding lenders into providing over $50 million in loans purportedly secured by four multi-million dollar mansions in La Jolla and Del Mar, California.  Doye, an executive at several real estate investment firms, and Reid, a broker, created forged real estate lien “releases” and recorded fraudulent records at the San Diego County Recorder’s Office to make it appear that the loans had been paid off so they could obtain additional loans from new lenders. Reid notarized the forged documents, helping to make the fraudulent paperwork appear authentic.  USAO S.D. Cal.

Tagged in: Housing and Mortgage Fraud,