CA-AG v. Dadyan and Ayvazyan

Tamara Dadyan and Richard Ayvazyan allegedly ran a scheme that used stolen identities to obtain mortgage and green loans, according to CA-AG. The scheme appears to have exploited the Ygrene Energy Fund and Renew Funding. The defendants also appear to have used their false identities to obtain mortgage loans from conventional banks and hard money lenders. The scheme resulted in a loss of approximately $15 million.

Summary generated from official California Attorney General press release