Wells Fargo CFO Tim Sloan's home on Woodstock Road in San Marino
Ana Casas of South Gate didn’t like the prospect of losing her home of 40 years to bank executives. So she decided to take the fight to their home -- specifically, to the large Spanish-style residence of Wells Fargo CFO Tim Sloan in San Marino.
Casas was arrested there yesterday amid a group 80 to 100 protesters who marched, chanted and waved signs proclaiming “Occupy Wells Fargo!” the Pasadena Sun reports.
Interestingly, she was arrested for violating a San Marino ordinance specifically designed for Sloan, who is no stranger to angry assemblies in front of his house. A protest there in October of last year prompted the city to pass a law prohibiting people from getting closer than 150 feet to a property during “targeted residential picketing.”
Casas, who has cerebral palsy, claimed she had missed payments on her mortgage after being diagnosed with breast cancer. Her husband skipped work to care for her, she said -- but since then they have been able to make payments again.
Jesus Vega Jr.
This time it was the borrowers ripping off the banks.
Sheriff’s officials announced today they have arrested nine people, most of them Los Angeles County residents, on charges stemming from an alleged mortgage loan scheme that defrauded two banks -- CitiMortgage and MetLife -- out of a total of $2.3 million.
According to the L.A. County Sheriff’s Office, Gerard Bueno, 35, of La Habra Heights and Jesus Vega Jr., 28, of Hacienda Heights used front companies to buy six residential properties in the county. “They then obtained loans against the properties in the names of straw buyers, two of which were identity theft victims, and in effect ‘sold’ the properties to themselves at inflated prices that they themselves set,” authorities said.
The alleged fraud occurred between October 2007 and June 2009. All six of the properties later went into default, authorities said.