Orange County District Attorney Press Release
For Immediate Release: October 20, 2014
Case # 10CF0477/11ZF0120
*Three additional co-defendants were previously convicted and sentenced
SANTA ANA – A man was sentenced Friday to seven years in state prison for conspiring with three other family members to commit over $16 million in real estate fraud by forging documents and purchasing homes using “straw buyers.” A straw buyer is a person who knowingly and willingly allows their credit to be used for the purchase of a property they never intend to control.
Dinesh Valjeebhai Shah, 65, pleaded guilty to the court Friday, Oct. 17, 2014, to five felony counts of conspiracy to commit a crime, 13 felony counts of forgery, four felony counts of identity theft, four felony counts of recording false and forged instrument, five felony counts of grand theft, and sentencing enhancement allegations for loss over $100,000, property damage over $1.3 million, and aggravated white collar crime over $500,000. Dinesh Shah is also sentenced to pay $12,800 in restitution. Dinesh Shah was also sentenced to two years in state prison after being found guilty by a jury on June 25, 2014, of one felony count of filing a false tax return and two felony counts of failure to file any return or supply any information with intent to evade any tax (Case #11ZF0120). Continue reading