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?
Solar Lantern Outdoor Waterproof Hummingbird Garden Decor Birthday Gifts for Women Mom and Grandma Solar LED Plastic Decorative Hanging Light for Yard(Hummingbird )
$23.99 (as of April 16, 2025 17:20 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.)
Blink Outdoor 4 + Sync Module XR — Wire-free smart security camera, two-year battery, go up to 400 feet from your home with extended range — 2 camera system
$124.99 (as of April 16, 2025 17:20 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.)
Amazon Kindle Scribe (64 GB) - Redesigned display with uniform borders. Now write directly on books and documents. With built-in notebook summarization. Includes Premium Pen - Tungsten
$364.99 (as of April 16, 2025 17:20 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.)
Amazon Fire TV Stick HD (newest model), free and live TV, Alexa Voice Remote, smart home controls, HD streaming
(as of April 18, 2025 06:23 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.)
Micropore Tape (30 Pack) - Strong Hold Pain-Free Removal Tape, Hypoallergenic Latex Free & Gentle On Skin, 1 Month Supply
$19.99 (as of April 16, 2025 17:20 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.)
Summer Tops for Women 2025 Trendy Short Sleeve Cotton Linen Shirt Casual Button v Neck Tunic Blouses Outfits
$12.69 (as of April 16, 2025 17:20 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.)
High Pressure Rain Shower Head: Upgrade Shower Heads with Handheld Spray Combo with Fixed Showerhead and 10 Sprays Handheld Shower Head, Detachable Shower head Built-in Magnetic Docking and Power Jets
$49.99 (as of April 16, 2025 17:20 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.)
Binoculars Toys for Kids Ages 3-8: Spidolapse Outdoor Adventure Toy with Bird Watching Guide for 4 5 6 7 8 Year Old Boys Girls Easter Birthday Gifts Toddler Travel Camping Binoculars Toy Age 4-6
$8.99 (as of April 16, 2025 17:20 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.)
Silonn Ice Maker Countertop, Portable Ice Machine with Carry Handle, Self-Cleaning Ice Makers with Basket and Scoop, 9 Cubes in 6 Mins, 26 lbs per Day, Ideal for Home, Kitchen, Camping, RV
(as of April 18, 2025 06:23 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.)
All-new Amazon Kindle Paperwhite and Kindle Colorsoft Signature Edition Case, Lightweight and Water-Safe, Foldable Protective Cover - Fabric
$36.99 (as of April 16, 2025 17:20 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 –
Emily Lex Studio Watercolor Workbook for Beginner,44 Spiral-Bound Pages Dispersed Beginner Friendly Watercolor Workbooks for Adults,Arts and Crafts Supplies Gift (Flowers)
$6.99 (as of April 16, 2025 17:20 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.)
AUTOMET Women Tank Tops 2025 Sleeveless Summer Vacation Beach Fashion Tees Shirts Comfy Casual Flowy Spring Outfits Clothes
$6.99 (as of April 16, 2025 17:20 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.)
3M Super 77 Multi-Surface Spray Adhesive, 14.1 oz., Low VOC, Quick Bond, Fast Drying, Clear Finish for Foil, Foam, Paper, Metal, Plastic, Fabric, and Cardboard (77-NAT)
$13.28 (as of April 16, 2025 17:20 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.)
Solar Lantern Outdoor Waterproof Hummingbird Garden Decor Birthday Gifts for Women Mom and Grandma Solar LED Plastic Decorative Hanging Light for Yard(Hummingbird )
$23.99 (as of April 16, 2025 17:20 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.)
Amazon Echo Show 15 (newest model), Full HD 15.6" kitchen hub for home organization, with built-in Fire TV and Alexa
$299.99 (as of April 16, 2025 17:20 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.)
Amazon Fire TV Stick 4K Max streaming device (newest model) supports Wi-Fi 6E, free & live TV without cable or satellite
(as of April 18, 2025 06:23 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.)
New 2025 ecobee Smart Thermostat Essential - Energy Star Certified programmable Wi-Fi Thermostat - Works with Siri, Alexa, and Google Assistant
$129.99 (as of April 16, 2025 17:20 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.)
Micropore Tape (30 Pack) - Strong Hold Pain-Free Removal Tape, Hypoallergenic Latex Free & Gentle On Skin, 1 Month Supply
$19.99 (as of April 16, 2025 17:20 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 ProTour Flip Straw Tumbler with Leakproof Lid 30 oz | Built-In Straw & Handle | Cupholder Compatible for Travel | Insulated Stainless Steel Cup | BPA-Free | Rose Quartz
(as of April 18, 2025 06:23 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.)
KUKKA essential oils 100% Pure & Natural Tea Tree Oil for Skin, Hair, Toenails, Aromatherapy, & DIY (4 fl oz/118 ml)
(as of April 18, 2025 06:23 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.)