SANTA ANA – A La Habra woman pleaded guilty Friday and was immediately sentenced to a year in prison for stealing approximately $ 570,000 from potential home buyers.
Laura Christina PresiadoA 50-year-old woman pleaded guilty to seven counts of grand theft and more than $ 100,000 for aggravated white collar crimes, according to court transcripts indicating that she worked real estate agent.
Presiado received 22 days of detention.
Orange County Supreme Court Justice Richard King gave her 10 years probation and ordered her to be paid $ 570,640 in damages plus 10% interest, according to court records.
Orange County District Attorney Investigators said in a court filing for an increase in its bail, Preciado has listed properties that have been foreclosed without the consent of the owners, often for amounts well below market value.
She pocketed the deposit of potential buyers and ordered them not to mess with the residents.
The crimes occurred from September 2017 to April 2019.
Government records show that the facilities involved were in Orange, Los Angeles, San Bernardino, and Riverside counties.
The State Department of Real Estate said in February 2020 that it had revoked Preciado’s real estate broker license and mortgage license approval “to defraud potential property buyers.” Preciado was licensed to do business both AE Management and AE Mortgage and had an office in Fullerton.
The register has contributed to this story.