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Prosecutors Say Two Arrested In Santa Barbara County For Real Estate Fraud Scheme

Santa Barbara County prosecutors say they’ve arrested two people in connection with a real estate fraud scheme in which the duo conspired to falsify documents for home short sales.

Real estate salesman Angelo Gabriel Naemi was arrested on six grand theft related charges, and Steven Paul Gonzales on one conspiracy to commit grand theft charge.

Investigators with the DA’s office, and the Federal Housing Finance Agency were both involved in the case. They say fraudulent transactions led to a loss to Fannie Mae, and Freddie Mac of more than $500,000.

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