Fugitive Real Estate Agent Arrested in New York

Mortgage and Lending with First Colorado Lending

Jodi Lee Nazir, former Rancho Cucamonga, California real estate agent was located in Manhattan, New York and arrested on April 6, 2010, by US Marshals as a fugitive from justice, on an outstanding felony warrant for embezzlement of funds from her Rancho Cucamonga company's Escrow Trust Account. Nazir will be held without bail in New York until extradition proceedings are completed. Nazir will then be transported back to San Bernardino County where she will be held on $1,500,000 bail until trial.

Read the whole story @ http://tinyurl.com/y79qj4t

When we believe in the existence of fraud could affect us individually, more will then start taking active steps, every day, to combat against it. It may be an everyday battle, but the longer we fight the stronger we get, and once something becomes a habit the less difficult it is to achieve; and the harder it is to forget.


It is important to note that institutions don't commit fraud, companies don't commit fraud - people commit fraud.

We must be vigilant against fraud, recognizing its signs and taking proactive, definite, and realistic steps to not only prevent it but also punish it.
It starts with me.
It starts with you.
It starts with us...


Michael S. Richardson
Director/Mortgage Fraud Services
Author of "An American Epidemic, Mortgage Fraud a Serious Business"
Follow me on Twitter "FocusonFraud"

Comments (5)

Steven L. Smith
King of the House Home Inspection, Inc. - Bellingham, WA
Bellingham WA Home Inspector

Interesting story. Not heard of anything quite like that before.

Apr 20, 2010 04:51 PM
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Michael: We had a big case here of a real estate attorney who embezzled a mojor amount of funds out of trusts designed for 1031 exhanges.

Apr 20, 2010 04:57 PM
Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Michael, wow, quite a situation. There are more going on we just have not heard about yet.

Apr 20, 2010 05:10 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Micheal - Thank you for sharing an informative and helpful blog.


Apr 20, 2010 05:31 PM
Clark Hitchcock
Re/Max Nyda Realty Inc - Chilliwack, BC
Realtor - Fraser Valley

Seems like it is happening with more and more frequency.

Apr 20, 2010 06:56 PM