Prominent Real Estate Agent Accused of Fraud

Feb 21, 2012 Full story: NBC San Diego

High profile real estate agent Eric Elegado, his wife Charmagne and seven associates are charged with conspiracy to commit mail and wire fraud, wire fraud, conspiracy to commit money laundering and other charges involving an alleged mortgage loan fraud.

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Angeles City, Philippines

#1 Feb 21, 2012
This dude is in big trouble scamming people while his family continues to live large.
Jamul Tycoon

San Diego, CA

#2 Feb 21, 2012
So where's the borrowers and the lenders, the last time I checked, the banks were the guys with the money, and you need a borrower, so what, we arrested the agent, but we still have those lenders on the street, but oh, hey, I get it... the Fed's did a settlement last week with B of A and Wells Fargo, great job.. so the Fed's extracted money for the fraud perpetrated by the lenders, and we can all rest... sounds like the judge and the prison board who let the murderer go on technicalities.. and then act surprised when he kills again... let's not blame these guys for the banks melting us all down... and the band played on
Jamul Tycoon

San Diego, CA

#3 Feb 21, 2012
So what he lived large... and what is B of A... oh I get it.. if you have a guy from you're own country you can get indignant, like no one from the islands is unethical... ummm, the system had people in place to stop the brokers and that's my point... they did nothing... did Madoff get away with his scam, yes, it wasn't the legal system that stopped him... and God knows, they were screamed at alot but did nada... so I'm certainly not going to just blame a guy whose motivated to help his family...
All RE Agents

San Diego, CA

#5 Feb 22, 2012
ARE SCAMMERS!!! You don't need them, buy/sell your own home.

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