Medina, was a realtor, operating in Lakewood. Rios and Alvarado were Denver-area loan officers. They sold single-family homes to people who, because of their citizenship or financial circumstances, were not qualified for home loans.

Transactions in this initial indictment involved loans for 33 homes, totaling 6.5 million dollars.

Loan officers Jose Alfredo Ramirez, Perla Alvarado, Ludibeth Salazar, and Lucina Loma were indicted in September 2005 by a Jefferson County Grand Jury as part of this organized crime scheme.

Ramirez would seek out potential homebuyers who, because of their citizenship or financial circumstances, did not qualify for FHA insured loans. Alvarado, Loma and Salazar worked under the supervision of Ramirez and fraudulently obtained loans for homebuyers solicited by Ramirez.

Alvarado, Loma and Salazar prepared or obtained false documents for the homebuyers, showing them to be legally in the United States and financially qualified for home loans.

Transactions in this indictment involved loans for 117 homes, totaling over $20 million dollars.

The investigation that led to the indictments was conducted by the Gaming Unit of the Colorado Bureau of Investigation. The Gaming Unit began its investigation after receiving complaints from a Colorado casino that unknown persons had forged documents which stated that the homebuyers were employed by the casino.

DA Homepage	CASE Homepage	ECU Homepage	Internet Investigations	Victim/Witness Assistance