Edwin Parada (SF District Attorney?s Office)
SAN FRANCISCO (CBS SF) ? A former real estate agent and Christian radio show host was being sentenced Friday morning for a mortgage fraud scheme targeting Spanish-speaking victims that totaled more than $2 million, according to the San Francisco District Attorney?s Office.
Edwin Parada, 33, pleaded guilty Feb. 17 to 29 counts of fraud affecting a total of 32 victims, said district attorney?s office spokeswoman Stephanie Ong Stillman.
Parada, a church pastor who also hosted a Spanish-language Christian radio show, contacted his victims through his radio show and ministry, according to Stillman.
The Salvadoran national and U.S. permanent resident persuaded his victims, who were struggling to pay their mortgages, to sign over the title to their homes to him, and then collected their mortgage payments. In some cases, he refinanced the homes and pocketed the money, Stillman said.
(L-R) Carlos Parada, Karla Parada, Geovanny Avendano (SF District Attorney's Office)
The funds were allegedly laundered through family members and a family business, and several of Parada?s relatives have also been charged in connection with the scheme. The cases against Carlos and Karla Parada and Geovanny Avendano have not yet been resolved, Stillman said.
Edwin Parada faces a potential sentence of up to 30 years in state prison. His victims were expected to speak at Friday morning?s sentencing hearing in San Francisco Superior Court, Stillman said.
District Attorney George Gascon planned to hold a news conference Friday afternoon to discuss the case.
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(Copyright 2012 by CBS San Francisco and Bay City News Service. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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