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Four Men Facing Real Estate and Conspiracy Charges

Among the defendants might be a Palo Alto resident who along with a well-known former Livermore mortgage broker have been charged with conspiracy to commit fraud and grand theft.

 

A former Livermore mortgage broker, who was already in legal trouble, is facing numerous new charges, including 12 counts of real estate fraud, three counts of criminal conspiracy and one count of perjury, the Pleasanton Weekly reports.

William Hogarty, 49, was arrested when he showed up for his preliminary hearing on Monday in an assault case related to an attack on a former roommate at his Livermore home. Hogarty was arrested in that case last July. Among his co-defendants is Gregory Wayne Lomba believed to have lived in Livermore but may now live in Palo Alto.

Now Hogarty, who also did business under OF Lending Group in Pleasanton, which is now closed, is facing a dozen grand theft charges and has also been sued by nearly two dozen people who claim Hogarty defrauded them.

The Pleasanton Weekly reports:

The (court) documents also claim Hogarty and co-defendants James Allen Rivera Jr., Gregory Wayne Lomba and James Torpey conspired to defraud people of their property, that they conspired to commit false advertising, and conspired to collect advance fees.

The four are also charged with 12 counts of grand theft, for taking more than $69,000 from clients who hoped to save their homes.

OF Lending is accused of bilking Bay Area homeowners out of millions of dollars by promising "short pay" refinances. 

The case is now being handled by Alameda County's real estate fraud division.

Hogarty, who was the state bodybuilding champion in 2004, was well-known throughout the Tri-Valley for his extravagant parties at his Livermore mansion before his legal troubles.

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