LAS VEGAS (Legal Newsline) - Nevada Attorney General Catherine Cortez Masto warned Nevadans on Thursday of the Save Your House loan modification scam and related incidents.
Ramon Dy-Ragos and Jesus Baca, the co-managers of Save Your House, and Luis Baca, a company employee, allegedly engaged in the false and knowing promotion of the business as a firm for foreclosure defense. The defendants allegedly falsely represented that they were able to save the homes of customers from foreclosure and collected payments from 12 victims for work that never occurred.
"I am pleased to provide these 12 victims with restitution checks, especially since receiving restitution in full is very rare," Masto said. "My office will continue to investigate and prosecute loan modification scams and similar crimes. Protecting Nevadans remains a top priority for us."
Masto prosecuted the three defendants. Jesus Baca pled guilty to one count of conspiracy to commit a crime and was sentenced to 12 months in prison and two years of promotion. He was ordered to pay attorney fees and $43,772 in restitution. Dy-Ragos entered an Alford plea of guilty to one count of conspiracy to commit disorderly conduct and was sentenced to 12 months in prison and two years of probation. He was ordered to pay attorney fees and $43,772 in restitution. Luis Baca pled no contest to one count of deceptive trade practice and was sentenced to one day in prison with credit for time served.
Dy-Ragos and Jesus Baca paid full restitution and victims scammed by the company will split the $43,772 in restitution. Restitution checks range from $10,750 to $500 with an average check of $3,650.