Two suspected con artists were arraigned today at the Hayward Hall of Justice on 23 counts of felony fraud and theft committed against struggling Northern California homeowners, the attorney general’s office announced today. Angeline Lisa Lizarrago, 68, of Fremont and Michael Douglas Young, 67, of Los Gatos allegedly scammed at least 11 people out of about $50,000, according to Michelle Quinn, spokeswoman for the attorney general’s office. The alleged scams took place from June 2008 to October 2009. The case is being investigated and prosecuted by both the attorney general and the Alameda County District Attorney. Lizarrago and Young operated Fremont-based Avemos Financial Group, a loan modification and foreclosure consultant business located at 5018 Mowry Ave. Lizarrago was the owner, and Young, a licensed real estate broker, was the general manager. According to court-filed complaint, Lizarrago promised to save homes from foreclosure and to renegotiate loans to get her clients a lower rate. “Just to get in the door, you had to spend $1,500,” Quinn said. Lizarrago and Young reportedly targeted Spanish-speaking homeowners and Southeast Asian immigrants. Lizarrago and Young entered into signed contracts with the clients and guaranteed refunds if they were unsuccessful, the attorney general’s office reported. Many clients ended up losing their homes and did not get their money back. An older Stockton couple gave Lizarrago $25,000 to find them a new home in Fremont. Lizarrago never found them a new home and did not return the money, court documents stated. Prosecutors believe that there are about 50 more victims who have
not been identified. “Some people who may have lost their homes are proving to be difficult to find,” Quinn said. If convicted, Lizarrago could face more than 15 years in prison. Young could face up to 12 years. Court documents stated that Lizarrago has an extensive criminal record dating back to the 1980s.
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