A monthslong saga regarding the ownership of a million-dollar Sea Cliff home has prompted a lawsuit filed by the San Francisco city attorney for real estate fraud.
On Friday, San Francisco City Attorney David Chiu announced that he had filed a lawsuit in California Superior Court against Brandon Aadee and Diana Peng, accusing the pair of attempting to use forged property deeds to claim ownership of 250 32nd Ave. The lawsuit, filed Sept. 8, alleges Aadee and Peng passed ownership of the home back and forth eight times through a series of fraudulent deeds, at least five of which Chiu’s office says are fraudulent. The complaint further alleges that Aadee and Peng planned to use the forged documents to make millions by selling the home for a profit.
“This unfair business practice undermines the legal real estate market and wastes scarce government resources,” Chiu said in a news release….
This involves defrauding the state or using government systems to steal from individuals.
- Tax Identity Theft: A criminal uses your ID and income details to file a tax return in your name and claim a refund before you do.
- Grant/Benefit Fraud: Falsely claiming unemployment, disability, or social grants that the perpetrator is not entitled to.