SACRAMENTO, Calif. — A man convicted of 100 felony counts earlier this year for defrauding homeowners in 11 California counties will spend the next 25 years in prison.
Robert Sedlar was sentenced this week to 25 years and four months in prison after a five-week trial ended with his conviction in May.
He was convicted of charges ranging from conspiracy to filing false documents, grand theft, elder abuse and prohibited acts by a foreclosure consultant.
The California Attorney General’s Office says Sedlar was the president of Grand View Financial LLC, who claimed to be a mortgage investment company advertising assistance to homeowners facing foreclosure.
Prosecutors say the company told consumers that if they paid money and transferred the title of their home to Grand View then it would eliminate the mortgage lien and deed the home back to the homeowner.
Instead, the company filed false documents with the court, the county recorder’s office and falsified bankruptcies to stall the foreclosure while collecting money from the victims.
Every single person who sought their help lost their homes and the scheme resulted in a total loss of more than $7 million.
The AG’s office says the victims were in San Diego, San Mateo, Alameda, Contra Costa, San Joaquin, Placer, Solano, Mendocino, San Francisco, El Dorado and Sacramento counties.
Two other employees of Grand View pleaded guilty to their charges.
WATCH MORE ON ABC10 | Serial squatters: Couple has lived rent-free for years, despite being evicted from more than 8 homes
