The CEO of another Orange County, California loan modification firm in Irvine pleaded not guilty last week to defrauding 165 homeowners out of thousands of dollars. He is currently facing 113 years in prison if he is convicted on all the current pending charges.
OC Prosecutors claim that Kahram Zamani, CEO of Infinity Group Services, entered his plea this past Thursday. Kahram has been charged with 165 counts of grand theft totalling approximately $177,000.
Former employees claim they were told by Zamani to lie, give BS guarantees, provide false progress reports and charge more fees to worried homeowners who had hired the firm.
The district attorney’s office says Zamani’s loan modification firm had preyed on struggling homeowners for approximately for a year, pulling in $177,000.
Zamani was also sued by the FTC in August and served a cease and desist order by the California Department of Real Estate in Decemeber of 2009.
FTC: http://www.ftc.gov/os/caselist/0923135/090917igscmpt.pdf
DRE: http://www.dre.ca.gov/cons_drs.asp
http://www.dre.ca.gov/cons_drs.asp
What is the real story here? Does anybody know him?
I worked there for a few days. It didn’t take me long to realize what was going on and left.