Latrese Gevon Breaux was sentenced along with Angela Grace Cotton, Denaysha Coleman, and Lawrence Edward Cotton for running a real estate fraud scheme that resulted in the theft of more than $1.4 million from 2014 to 2016.
The group used fictitious escrow and title companies to deceive a lending company into believing it was funding two legitimate real estate transactions.
To convince the lender of the legitimacy of the transactions, the defendants created fraudulent websites, emails and phone networks along with fake employment documentation and bank account statements from a non-existent financial institution for the borrower.
The lender transferred funds to a bank account it believed to be owned by a legitimate title company but was owned by one of the defendants.
The properties for which the defendants received loans were located in Los Angeles, California and La Cañada Flintridge, California and had not been listed for sale, the prosecutor added.
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