Home Scam/Fraud Borrowers lost over $6M in mortgage modification scam, regulators say

Borrowers lost over $6M in mortgage modification scam, regulators say

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Two defendants bilked hundreds of distressed mortgage borrowers in Southern California out of millions of dollars, according to a complaint unsealed by a federal court on Monday.

The complaint, a joint action by the Federal Trade Commission and California Department of Financial Protection and Innovation, alleges that defendants Roger Scott Dyer and Dominic Ahiga charged upfront fees for loan relief that in “numerous instances” they failed to deliver.

The U.S. District Court filing marks the first joint action by the FTC and the DFPI to rely, in part, on the enforcement of the 2020 California Consumer Financial Protection Law. Their complaint, which was filed in California’s Central District, alleges that Dyer and Ahiga were in violation of CCFPL, the Federal Trade Commission Act, the COVID-19 Consumer Protection Act, the FTC’s Mortgage Assistance Relief Services Rule and the Telemarketing Sales Rule.

“Illegal mortgage relief…

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