On Tuesday June 17th, District Attorney Mark A. Peterson announced the arrest of Marc Stanley Cooper, a 60 year old resident of Rocklin, on 21 counts of Financial Elder Abuse, Foreclosure Fraud, Loan Modification Fraud and Grant Theft.
From 2010 until 2013, Mr. Cooper ran a now defunct business called “Keeping My Property” from his home in Rocklin. It is further alleged that Mr. Cooper took in excess of $100,000 from the 15 victims who reside in Contra Costa County.
Cooper’s arrest comes as a result of a yearlong investigation by the Investigations Unit of the District Attorney’s Office.
In the summer of 2013, the California Bureau of Real Estate learned Cooper was illegally soliciting money from consumers who wanted home loan modifications. Several residents of Contra Costa County were initially identified as possible victims and the case was referred to the District Attorney’s Office for further investigation. In November 2013, investigators served a search warrant at Mr. Cooper’s home and located additional victims from Contra Costa County.
Investigators learned Mr. Cooper would take money from consumers for loan modification services before actually performing the work, which is a violation of California Law. Additionally, Mr. Cooper would also embezzle money entrusted to him by the homeowners to reduce mortgages. .
District Attorney Mark A. Peterson stated that “this office will aggressively prosecute anyone involved in a scheme to defraud distressed homeowners.”
Anyone who believes that they have been a victim of Mr. Cooper, or anyone at “Keeping My Property,” please contact the District Attorney’s Real Estate Fraud Unit at 925-957-8604.
Information provided by the Contra Costa County District Attorney’s Office
