Las Vegas Sun

March 18, 2024

Henderson man indicted for alleged foreclosure rescue scams

A 50-year-old Henderson man was indicted today on four felony counts of theft and one felony count of forgery in connection with the operation of DB Financial Services, a foreclosure rescue business located in Henderson, Nevada Attorney General Catherine Cortez Masto said.

Jeffery Tye Brown was accused of misleading customers into believing that, for a fee, he would guarantee resolution of a victim’s pending mortgage foreclosure.

“My mortgage fraud task force is aggressively prosecuting loan modification scams,” Masto said. “Scammers should know we will use all our resources to extradite, indict and convict you if you attempt to perpetrate these schemes upon Nevada’s consumers.”

The indictment alleges that between December 2007 and February 2008, Brown contacted victims whose homes were going into foreclosure and obtained advance payments of $999 for foreclosure rescue services that he never performed. He failed to give refunds despite promising them in his contracts and advertising. He also forged documents to the state Mortgage Lending Division to cover up the criminal activity.

Shortly after execution of a search warrant on the DB Financial offices in 2008 by the task force, Brown fled the country. He has been extradited back to this country from the Philippines, where he was hiding to evade authorities.

A District Court arraignment has been scheduled for Feb. 25 in the Lower Level Arraignment Court of the Las Vegas District Court.

The indictment is not a determination of guilt or innocence but is just a finding of probable cause that a crime was committed. The defendant is presumed innocent until proven guilty.

Anyone who has information regarding this case should contact the attorney general’s Office at 486-3777 in Las Vegas or 775-684-1180 in Carson City.

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