Wednesday, May 19, 2010
California Mother-Daughter Charged In $2.3 Million Fraudulent Real Estate Scheme
Alice Kantin, 69 and her daughter, Dawn Marie Kantin, (pictured here at a court hearing) 37, both of Kern County, California, were charged with defrauding at least 32 individuals out of some $2.3 million in fraudulent a real estate scheme. According to authorities, the mother-daughter team ran Desert Air Real Estate Investments Inc., which offered "rent-to-own" agreements, purportedly taking titles on distressed properties and accepting rent that would go toward paying the mortgage. However, from at least August 2007 through June 2009, the Kantins are alleged to have kept the rent monies and allowed the mortgages to be foreclosed upon. They have each pleaded not guilty to the charges which include 44 counts of conspiracy, embezzlement, theft, notary fraud and forgery.