English: The Seal of the United States Federal Bureau of Investigation. For more information, see here. Español: El escudo del Buró Federal de Investigaciones (FBI). Para obtener más información, véase aquí (Inglés). (Photo credit: Wikipedia)
SANTA ANA, CA—The CEO of an Orange County-based mortgage banking and financial services firm was sentenced today to 41 months in federal prison for operating a Ponzi scheme that collected more than $6.7 million from more than two dozen victims, announced Andrė Birotte, Jr., the United States Attorney in Los Angeles, and Bill L. Lewis, the Assistant Director in Charge of the FBI’s Los Angeles Field Office.
David Lee Hardin, Jr., 59, of Coto De Caza, who is the CEO and majority shareholder of a group of companies including Covenant Mortgage, Covenant Marketing, Covenant Debt Solutions, Covenant Insurance, and HRE Mortgage, was sentenced by United States District Judge James V. Selna. In addition to the prison term, Judge Selna ordered Hardin to pay $1.5 million in restitution. Judge Selna noted that such investment fraud schemes are prevalent in the Orange County area and that Mr. Hardin’s sentence was meant to serve as a deterrent to others.
Hardin pleaded guilty in March 2013 to mail fraud, admitting that his victims suffered losses of approximately $1.5 million.
From April 2007 through July 2010, Hardin solicited investments in a side venture related to his companies’ mortgage business. The investments were structured as loans to Hardin’s companies at fixed rates of interest. Hardin told the investors that their funds would be used to finance a home building project, to originate mortgages, and to fund his debt settlement business and that returns would be generated through home sales and fees from mortgage originations and debt settlement services. In reality, Hardin used a large percentage of the funds to make purported “interest” payments to earlier rounds of investors, in the typical pattern of a Ponzi scheme. He used other funds for personal expenses, including rent and car payments. Still other funds were used for operational costs of Hardin’s other businesses, including employee salaries and operating costs.
The criminal case against Hardin is the result of an investigation by the Federal Bureau of Investigation.
Subscribe to get the latest posts sent to your email.
Sooooo, did the feds look into the mortgage practices of Hardin’s companies for any fraud that may cause taxpayers liability with FNM?
Or did they assume he was only a “criminal” in one aspect of his business life?
Seagate (Recertified Exos X 28TB Internal Hard Drive HDD - 3.5 in CMR SATA 6Gb/s, 7200 RPM, 512MB Cache, 2.5M MTBF (ST28000NM000C), Renewed
$349.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
OLIXIS Ice Maker, Ice Makers Countertop with Handle, Portable Ice Machine, 9 Bullet Ice Cubes in 6 Mins, 26lbs in 24Hrs, Auto-Cleaning, with Basket and Scoop, for Home, Kitchen, RV, Camping, Black
$49.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Acer TravelMate TMB118-M-C80T Intel Celeron N4000 2 Core @ 1.10GHz 4GB 64GB eMMC, Windows 10 Pro (Renewed)
$89.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
SAMSUNG Galaxy S25+ Cell Phone, 256GB AI Smartphone, Unlocked Android, AI Camera, Fast Processor, ProScaler Display, Long Battery Life, 2025, Navy (Renewed)
$672.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
AIPER Cordless Robotic Pool Cleaner, WavePath Navigation, Wall-Climbing, Quad-Motor, 150 mins Runtime for Inground Pools up to 1,600 sq.ft, ZT6002 (Renewed)
$399.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Folding Washing Machine, 11L Mini Washing Machine with 3 Cleaning Modes, Suitable for Baby Clothes, Underwear, Socks, Portable Washing Machine Folding Design Suitable for Apartments, Camping & Travel
$29.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Stanley Quencher H2.0 Tumbler with Handle and Straw 40 oz | Flowstate 3-Position Lid | Cup Holder Compatible for Travel |…
$33.69 (as of May 6, 2025 06:28 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
KaringBee Countertop Nugget Ice Maker – 45 lbs/Day, Fast 5-Min Chewable Pellet Ice – Self-Cleaning Sonic & Pebble Ice Machine for Home, Kitchen & Office – Premium Stainless Steel 2025 Upgraded
(as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Premier Protein Shake, Chocolate, 30g Protein 1g Sugar 24 Vitamins Minerals Nutrients to Support Immune…
$31.98 (as of May 6, 2025 06:28 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
NewEleven Mothers Day Card, Dog Mom Gifts For Women, Unique Moms Gift For Mother's Day, Cute Dog Mom Mother's Day Cards From Dogs, Puppy For Her Womens - Greeting Card
$11.49 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Simply want to say your article is as amazing.
The clearness on your submit is simply cool and that i
could assume you are a professional on this subject.
Well along with your permission let me to seize your feed to
keep up to date with impending post. Thank you a million and please carry on the
rewarding work.
my website – seo Google – google.com –
Reusable Snack Containers with Lids 20Pcs,New Snack Containers,Snackle Box Container Portion Control,Snack Pack Containers,Double Compartment Snack Containers for On-the-Go Meals and Camping
$7.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Sunrise on the Reaping (A Hunger Games Novel) (The…
$19.17 (as of May 6, 2025 06:28 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Saker Twister Arm Trainer, 40-100lb Adjustable Chest Workout Equipment, Arm Trainer, Twister Arm Trainer, Portable Power Twister Bar, Detachable Design Fitness Anywhere
$36.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Hzevn 2Pack 100W USB C Wall Charger Block,3-Port (65w+20W+18w) Super Fast Charging Power Adapter,Multi USB C Charging Hub Plug Cube for MacBook,iPad Pro, Galaxy S25, iPhone 16/15 and More-Black
$17.99 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Ninja Swirl by CREAMi Ice Cream and Soft Serve Maker, Sorbet, Milkshake, Frozen Yogurt, Low Calories Program & More, 13-in-1, Soft Serve Handle, (2) CREAMi Swirl 16oz Pints, For Kids & ALL ages, NC701
$348.00 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Mom, I Want to Hear Your Story: A Mother’s Guided Journal To…
$11.95 (as of May 6, 2025 06:28 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
BIODANCE Bio-Collagen Real Deep Mask, Hydrating Overnight Hydrogel Mask, Pore Minimizing, Elasticity…
$15.20 (as of May 6, 2025 06:28 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
BETHEGIFT Funny Card for Mom from Daughter, Son, Kids on Mothers Day - Heartfelt Message to Mother, Perfect for Birthday, Mother's Day, Humorous Mom Greeting Cards, Premium Quality
$9.95 (as of May 6, 2025 17:25 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
The Let Them Theory: A Life-Changing Tool That Millions of…
$15.68 (as of May 6, 2025 06:28 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Mom, I Want to Hear Your Story: A Mother's Guided Journal To…
$13.98 (as of May 6, 2025 06:28 GMT -07:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)