Mortgage broker charged in scam
Salem man's Hispanic victims reportedly include at least one Beaverton resident
Police have arrested a Salem mortgage consultant accused of ripping off his Hispanic clients, including at least one Beaverton resident.
Salem detectives, based on an investigation that also included the state Division of Financial Regulation, arrested Oscar Tejada-Sandoval after serving a warrant at his West Salem home on March 30.
Tejada-Sandoval, 48, was charged with first-degree theft, aggravated first-degree theft, aggravated identity theft and first-degree forgery.
So far, the investigation has turned up eight individuals and two financial institutions that the suspect allegedly victimized. Victims were not named but reportedly included residents from throughout the Willamette Valley. Their losses total more than $63,000, and two victims lost their homes to foreclosure.
According to investigators, Tejada-Sandoval modified mortgage documents to receive victims monthly mortgage statements with the promise to pay them. Instead, he is accused of keeping money for himself to pay off personal debts. He also allegedly forged one clients check to obtain additional money.
Investigators believe Tejada-Sandoval may have additional victims who have not come forward or been identified during the investigation.
They asked anyone with questionable dealings with Tejada-Sandoval to contact the Oregon State Division of Financial Regulation at 503-947-7854 to make a report.