General Crime

James Thomas Haro longtime Walnut Creek real estate broker arrested for fraud

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A longtime Walnut Creek real estate broker is in jail after allegedly defrauding his neighbors out of $370,000, Contra Costa County prosecutors said today. James Thomas Haro, 67, was arrested Wednesday on suspicion of securities fraud, grand theft and embezzlement and was taken to county jail in Martinez, where he remained in custody this morning on $110,000 bail, according to the district attorney’s office.

Haro has more than 32 years of experience as a real estate broker and is the sole officer of the Walnut Creek-based real estate brokerage firm Alamo Mortgage Corporation, according to prosecutors. Prosecutors said the Walnut Creek man defrauded his neighbor, who is a doctor, and the doctor’s spouse out of $370,000 in several investment schemes that were meant to be private short-term residential loans.

Haro has been charged in Contra Costa County Superior Court with one count of securities fraud and two counts of grand theft. If convicted on all charges and enhancements, he faces more than seven years in prison, prosecutors said. Anyone who believes they may have been a victim of real estate fraud by Haro is asked to call.

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2 Comments

  • Ellie, you are wrong – he IS A CROOK! James Haro just now is trying to fraud us. We have bought a house from him ( not googling this article – I wish I did) – and he knew about a broken water heater ( 1,400) and didn’t disclose to us. A day after the deal closed he was on premise, trying to fix it.
    I am calling the Contra Costa County tomorrow and the Real Estate association – but everybody you MUST BEWARE of Jim. He is a swindler, stealing now smaller sums, thinking he can get away with it.

  • Jim Haro is a good man with a great family. The neighboring doctor might be the one in fault and accusing him of wrong doing. Mr. Haro does not want to ruin his reputation that he worked so hard for over thirty five years. His intentions had been to assist his clients in solving their real estate issues. He does not need money so bad or greed to destroy anyone.

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