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?
Geelfland Thank You Gifts for Women, Teacher Appreciation Gifts, Thank You Gift Baskets for Women Friends Teachers Coworkers Boss Nurse Mom Employees with Thank You Cards
$26.99 (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.)
Etekcity Food Kitchen Scale, Digital Grams and Ounces for Weight Loss, Baking, Cooking, Keto and Meal Prep, LCD Display, Medium, 304 Stainless Steel
$13.99 (as of May 7, 2025 06:29 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.)
Callaway Golf Supersoft Golf Balls
$24.99 (as of May 7, 2025 06:29 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.)
CAROTE Cast Iron Dutch Oven Pot with Lid, Enameled Dutch Oven for Bread Baking, Dual Handles, Heavy-Duty Cast Iron Pot, 5QT, Red
(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.)
CAROTE Cast Iron Dutch Oven Pot with Lid, Enameled Dutch Oven for Bread Baking, Dual Handles, Heavy-Duty Cast Iron Pot, 5QT, Brown
$32.99 (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.)
CELSIUS Assorted Flavors Official Variety Pack, Functional Essential Energy Drinks, 12 Fl Oz (Pack of 12)
$22.49 (as of May 7, 2025 06:29 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.)
Rain-X 810165 Latitude 2-In-1 Water Repellent Wiper Blades, 22 Inch Windshield Wipers (Pack Of 2), Automotive Replacement Windshield Wiper Blades With Patented Rain-X Water Repellency Formula
$36.18 (as of May 7, 2025 06:29 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.)
MWIRB AI Translation Earbuds Real Time, 144 Language Translator Earbuds for iPhone and Android 3-in-1 Translation Headphones Translating Device for Travel Business Learning with Charging Case(Black)
$39.99 (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.)
Premier Protein Shake, Chocolate, 30g Protein 1g Sugar 24 Vitamins Minerals Nutrients to Support Immune Health, 11.5 fl oz (Pack of 12)
$31.98 (as of May 7, 2025 06:29 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 –
GOOACC - GRC-33 240PCS Bumper Retainer Clips Car Plastic Rivets Fasteners Push Retainer Kit Most Popular Sizes Auto Push Pin Rivets Set -Door Trim Panel Fender Clips for GM Ford Toyota Honda Chrysler
$12.14 (as of May 7, 2025 06:29 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.)
OUTXE Cup Holder for Stanley 30oz 40oz Compatible with Bogg Bag
$9.99 (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.)
140W Charger for MacBook Pro 16 14 inch Mac Air 15 13 inch 2025 2024 2023 2022 2021 M1–M4【Original Quality】 Type C Fast Charger Power Adapter & 6.6FT Type C to Magnetic 3 Cable LED Between 20021-2025
$39.99 (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.)
APEXUP Weighted Vest with 5lbs/10lbs/15lbs/20lbs/25lbs/30lbs Weights and Reflective Stripe, Weight Vest Men Women for Workout, Strength Training, Running
$52.99 (as of May 7, 2025 06:29 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.)
CAROTE Cast Iron Dutch Oven Pot with Lid, Enameled Dutch Oven for Bread Baking, Dual Handles, Heavy-Duty Cast Iron Pot, 5QT, Red
(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.)
Portable Washing Machine - Compact 2.3 Cu.ft Portable Washer, Full-Automatic Top Loader for Space Saving, Ideal for Apartments, Homes, and Dorms, 10 Wash Cycles, Low Noise, IPX4
$209.99 (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.)
Occer 12x25 Compact Binoculars for Adults and Kids, Large Eyepiece Waterproof Binocular with Low Light Vision,High Powered Easy Focus Binoculars for Bird Watching,Outdoor Hunting,Travel,Sightseeing
$27.53 (as of May 7, 2025 06:29 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.)
20x50 High Powered Binoculars for Adults, Waterproof Compact Binoculars with Low Light Vision for Bird Watching Hunting Football Games Travel Stargazing Cruise with Carrying Bag
$35.98 (as of May 7, 2025 06:29 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.)