73 criminal counts filed against real estate broker

Published: Saturday, Feb. 21, 2009 - 12:00 am | Page 2B
State Attorney General Jerry Brown filed 73 criminal counts against a Nevada County real estate broker Friday, charging him in a massive mortgage fraud case that may have cost hundreds of investors up to $21 million.

The charges against Thomas John Hastert, 53, allege that between 2004 and 2007 he misled investors, embezzled brokerage fees and set up straw buyers in a complex scheme involving properties in Nevada, Sacramento, Sutter, Butte, Placer and Yolo counties.

The charges were filed in Nevada County Superior Court by Brown and Nevada County District Attorney Cliff Newell. Brown's office said Hastert could face up to 11 years and four months in prison if convicted of the charges.

Hastert could not be reached for comment Friday.

The case is the latest in a string of mortgage fraud cases involving Northern California, which law enforcement officials say has become the nation's epicenter for such schemes.

– Sam Stanton

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