The operators of Compliance Audit Solutions pleaded guilty to conspiracy to commit wire and mail fraud for their roles in running a fraudulent mortgage loan modification business in San Diego.
Ziad Nabil Mohammed Al Saffar and Sara Beth Bushore Rosengrant operated the business, also known as CAS Group. Daniel Al Saffar was a sales representative in connection with the operation, the Office of the Special Inspector General for the Troubled Asset Relief Program said.
They targeted homeowners who were unable to afford their mortgage payments and falsely claimed to be affiliated with a federal government program that they called "Hope for Homeowners." They induced customers to purchase an “audit” of their home mortgage loans, supposedly to identify “violations” in the loan documents that could then be used to force banks to renegotiate their loans. The audit fees ranged from $995 to $3,500.
Sentencing is scheduled for April 27.