Pastor Steals Church – Another Example of Real Estate Fraud

It is amazing the depths that some people that some people will go to steal property.  There is a story from the city of Ripon in the San Joaquin Valley, California about a Reverend who stole the Church right out from under the parish, sold it, and drove around town flaunting it. The pastor who led the parish for over a decade stole the church. And the amazing part, he also convinced a fellow inmate who was in jail with him to confess to a crime, so he could use that to get an early release. Now the pastor is looking to monetize the crime with a book.

All the while, the church is tied up in lawsuits as the congregation and the buyer try to determine who is the rightful owner. There is a cold place in hell for this man.

The church was basically senior citizens, people in their 80s, 90s and close to 100,” Prater said. “He was their favorite son.”

Radic’s pulpit was in a wooden, 90-year-old chapel, and he lived in a church-owned house a few blocks away.

“This is a town with a lot of faith,” said Navid Fardanesh, president of the Ripon Chamber of Commerce. “People had a lot of trust in him, and unfortunately he took advantage of the situation.”

First, Radic faked documents giving him possession of the parsonage, and used the property to take out about $200,000 in personal loans, prosecutors said. Then he forged papers saying he had the power to sell the church, and sold it to a couple for $525,000.

After investigators began inquiring about the $102,000 BMW, Radic fled to Denver. Prosecutors coaxed him back, and he was arrested in 2005. via the AP

Related posts:
  1. Daily News Steals The Empire State Building – Why Real Estate Fraud Is So Easy
  2. Senate Looks To Allocate $200 Million For Real Estate Fraud Prosecution
  3. Real Estate Crime Unit Formed In Brooklyn, New York
  4. Are Ski Towns Real Estate Driven or Tourism Driven
  5. Courteney Cox is Not a Real Estate Agent, She is Just a Cougar

There Is 1 Response So Far. »

  1. Wow!!! and Thank you very much for the Mortgage Bubble article you published.

    The mortgage fraud epidemic that plagues the US has far reaching economic ramifications which are only now starting to materialize. This effect is felt more deeply in higher valued markets, such as the OC. I spent 15 years as a QC manager for a large, So Cal based, national lender out there before moving back home to So Fla, the other mortgage fraud capital of the US.

    As mortgage industry insiders, we saw this stage being set years ago, with lenders and Wall Street investors alike seeing the writing on the wall but relishing in the proceeds of these loans. “Don’t ask, don’t tell” should no longer be unwritten policy at these companies, presumably responsible for not only great economic contributions, but who are responsible for financing peoples lives and dreams, or irresponsibly destroying them for a profit.

    Cindi Dixon, Director
    Mela Capital Group, LLC
    Mortgage Fraud Investigations and Training
    866-382-7566
    PO Box 670035
    Coral Springs, FL 33067-0035
    Cindi@MortgageFraudQC.com
    http://MortgageFraudQC.com

    Please visit our DISCUSSION BOARD for the latest mortgage fraud news and to anonymously report mortgage fraud. http://MortgageFraudQC.com/blog/blog.html

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
      Joe Spake | 7Nov09 | More
    • It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
      Antony Lexington@Home loan | 7Nov09 | More
    • I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI.
      ROBIN SPURLIN | 6Nov09 | More
    • Definitely not a fan of Move Inc.!!!
      Tony Sena | 6Nov09 | More
    • A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
      SpazzyCat | 6Nov09 | More
    • In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
      Mary | 6Nov09 | More
    • I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
      Cheryl Gungor | 6Nov09 | More
    • I have the same situation. I sold my home in July and am scheduled to to close in a few ...
      Arlo Moehlenoah | 6Nov09 | More
    • My cousin in Maryland going thru same thing as Jack Thomas. Have loan Mod Agreement from Countywide dated April 2009, ...
      Trying to help BoA customer | 6Nov09 | More
    • Print Ads is the popular way to advertise among seniors in the business industry but today it seems like it ...
      Central Oregon Homes | 6Nov09 | More
  • Statistics

  • Friends

  • Recent Friends Visiting

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner