Key disbarment pending in foreclosure fraud investigation

Philip A. Kramer, a Calabasas attorney at the center of a national loan modification scam, agreed to be disbarred last month.

Kramer (bar number 113969), 52, admitted to numerous counts of misconduct including collection of illegal fees, failure to return advance fees and accepting employment in states where he was not licensed to practice law. Kramer also agreed to pay $122,000 in restitution to 27 former clients as part of a stipulation accepted April 13 by the State Bar Court.

“As the leading watchdog of the legal profession, the State Bar does not tolerate unethical behavior by attorneys,” Acting Chief Trial Counsel Jayne Kim said. “This disbarment recommendation brings victims of Kramer’s malfeasance one step closer to justice and exemplifies the State Bar’s commitment to public protection.”

Kramer was one of several lawyers who caught the attention of authorities last year for allegedly targeting thousands of homeowners facing foreclosure and collecting up-front fees for help that never materialized.

Rest here…

~

4closureFraud.org