Arrests made after $1.5-million Burbank home sells without the owner or buyer being aware [View all]
Using fake identities and purchase agreements and forged loan applications, four people allegedly cooked up a months-long scheme to sell a Burbank house with neither the homeowner nor the buyer being aware of the $1.5-million deal.
The group, which included a licensed real estate broker, falsified signatures, submitted fraudulent loan applications and even discussed using disguises to pose as the buyers and sellers to push the deal through, according to a federal complaint, and the defendants planned to pocket the loan of nearly $1 million used to buy the house.
The scheme was not uncovered until after the sale closed in 2024 and one of the suspects got a hefty wire deposit.
On Wednesday, federal officials announced the arrests of Glenis Cardona, 63, a broker from Highland; Ivan Reyes, 50, of Van Nuys; and Arshak Akopyan, 46, of Northridge. Officials also are searching for Basil Tikriti, 54, of Marina del Rey, who allegedly played a role in the scheme.
https://www.latimes.com/california/story/2026-02-12/arrests-after-burbank-home-sells-without-owner-or-buyer-being-aware
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