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.