Santa Ana Police Department
On April 5, 2016, Santa Ana Police Department Economic Crimes Detectives arrested Andres Pacheco, 39, of Yorba Linda, for the theft of over a half million dollars. Pacheco was arrested at the Orange County Courthouse after making an appearance on an unrelated case.
Andres Pacheco is a Real Estate Broker and owner of Franklin Equity Corporation/Signature Escrow, based in Santa Ana. In July of 2015, Santa Ana Police Economic Crimes Detectives were contacted by a victim, who claimed he was defrauded by Pacheco. The investigation revealed Pacheco’s escrow company was holding $186,000 in escrow, pending completion of a real estate transaction. When the real estate transaction was cancelled, the victim was due his $186,000; however Pacheco’s escrow company failed to return the money. Continue reading