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02/19/10

Attorney General Masto Announces Indictment with Five Felony Counts in Mortgage Foreclosure Rescue Scam

On February 19, Nevada Attorney General Catherine Cortez Masto announced the indictment of Jeffery Tye Brown of Henderson, Nevada on four felony counts of theft and one felony count of forgery for his leadership of DB Financial Services, a loan modification consulting firm.  Brown allegedly charged distressed homeowners $999 in upfront fees for loan modification assistance that he then failed to provide.  The Las Vegas District Court set his arraignment for February 25.

Attorney General Masto's mortgage fraud task force executed a search warrant on the office of DB Financial Services in 2008, spurring Brown to flee the country.  Masto was able to extradite him back from the Philippines to face these charges.

Homeowners at risk of foreclosure should never pay upfront fees for loan modification assistance.  Reputable assistance is available for free from HUD-certified housing counseling agencies.  Please visit our Get Free Counseling page for information on obtaining free help.

For more information, read the Nevada Attorney General's press release, "Attorney General Masto Announces Indictment with Five Felony Counts in Mortgage Foreclosure Rescue Scam."