Rocklin Man Arrested for Allegedly Defrauding Struggling Homeowners in CoCo County

June 18, 2014 · 14 comments

suspect

A 60-year-old man who ran a now-defunct real estate business from his Sacramento-area home has been arrested and charged for allegedly defrauding more than a dozen struggling homeowners in Contra Costa County.

Marc Stanley Cooper, of Rocklin, was arrested today and has been charged with 21 counts including financial elder abuse, grand theft, foreclosure fraud and loan modification fraud, according to the Contra Costa County District Attorney’s Office.

The arrest stemmed from the district attorney’s yearlong investigation into Cooper, who from 2010 to 2013 ran a business called “Keeping My Home,” prosecutors said.

According to the district attorney’s office, Cooper used the now-closed business to defraud 15 Contra Costa County homeowners out of more than $100,000.

Investigators found that the suspect would take money from people seeking a loan modification on their homes before actually performing the work and then embezzled their payments, according to prosecutors.

The district attorney’s office began investigating Cooper’s business about a year ago after the California Bureau of Real Estate learned that he was illegally soliciting money from Contra Costa County residents looking for reduced mortgage payment plans.

Investigators found additional victims from the county after serving a search warrant at the suspect’s home last November, prosecutors said.

On Tuesday he was taken to county jail in Martinez and was later released on bail.

District Attorney Mark Peterson pledged that his office would “aggressively prosecute anyone involved in a scheme to defraud distressed homeowners.”

Anyone who believes they might be a victim of Cooper or “Keeping My Property” is asked to call the District Attorney’s Office at 925-957-8604.

1 KJ June 18, 2014 at 8:36 AM

Go DA go!!

2 John Tenney June 18, 2014 at 8:39 AM

Guess he doesn’t, ummm, defecate where he eats…

3 TMJ June 18, 2014 at 9:03 AM

Sadly he is not the only one that is taking advantage of the loan modification process that has been available these last few years….. I have heard of many neighbors/friends who have falsified documents in order to get a loan modification or their principal amount owed lowered on their homes….. taking advantage of this situation. So wrong.

4 Blink June 18, 2014 at 9:48 AM

Predators of any kind should face the consequences,
Glad DA got at least one…maybe others beware of too good to be true offers

5 Marianne June 18, 2014 at 9:54 AM

Home owners have it bad enough these days without people like this stealing from them. I hope they throw the book at him.

6 jtkatec June 18, 2014 at 10:18 AM

Tar and feather him

7 @ thug Marc June 18, 2014 at 10:25 AM

You should be jailed or left homeless as punishment.

8 Silva June 18, 2014 at 11:45 AM

Definately should do some hard time. Slimey worm thing.

9 Smarter June 18, 2014 at 1:08 PM

Love when idiots are caught and publicly humiliated

10 What security June 18, 2014 at 2:11 PM

What a TOOL good for that piece

11 Miss Diagnosis June 18, 2014 at 4:35 PM

I like his entrepreneurial sprirt

12 VikingPrincess June 18, 2014 at 6:29 PM

Another one bites the dust!
I think this is terrible…just terrible.
Is there a special division in the DA that focuses on this very serious topic that affected the States economy and financial reputation (let alone Nation). If not, I think there should be. Get them asap.
Will the victims actually be able to receive any $ compensation (except justice and knowing he won’t harm anyone else).

13 Cautiously Informed June 19, 2014 at 8:43 PM

It’s a good that the big US banks never do anything like that.

Of course, we all know that if they did, our honest, reliable and trustworthy federal government would take care of it in an instant!

14 VikingPrincess June 19, 2014 at 10:46 PM

@cautiously informed
Good one!

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