The former operator of a foreclosure rescue company has been sentenced to 18 years in state prison.
A Sacramento County jury in April convicted Richard Henri Fecteau, 52, of 23 felony real estate fraud charges involving grand theft, recording false documents and illegally acting as a foreclosure consultant. He was sentenced Friday by Sacramento Superior Court Judge Majorie Koller. In addition to the prison term, Fecteau was ordered to pay more than $35,000 in restitution to multiple victims he defrauded, according to a Sacramento County District Attorney’s Office news release.
Between 2011 and 2014, Fecteau ran a foreclosure rescue company called Team Fecteau. He directed homeowners to deed properties to a trust. The names of people who had recently filed bankruptcy were then named co-trustees of the trust, along with Fecteau, which placed an automatic stay against foreclosure of the property.
I thought the National Mortgage Settlement whitewashed crimes of grand theft, recording false documents and defrauding foreclosure victims who’s mortgages were put into trusts.