Federal prosecutors have charged four individuals in a fraud scheme that resulted in the bogus sale of a Burbank home for $1.5 million, with neither the legitimate homeowner nor the purported buyer aware of the transaction. According to a federal complaint, the group — which included licensed real estate broker Glenis Cardona, along with Ivan Reyes, Arshak Akopyan and fugitive Basil Tikriti — used forged signatures, falsified loan applications and fabricated identities to orchestrate the scam, the Los Angeles Times reported. Three of the suspects were arrested on Feb. 11. The scheme centered on securing nearly $1 million from a […]
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