July 23, 2008
San Francisco Police arrested the suspect in a series of real estate fraud incidents that targeted Spanish-speaking clients. Taken into custody today on an arrest warrant was Edwin Parada, 29, of San Francisco. He was arrested in South San Francisco at approximately 7:30 A.M.
Parada, a licensed real estate agent, engaged in a variety of real estate-related fraud in the San Francisco Bay Area. There have been 12 reported cases of this fraud. As the investigation continues, victim losses are expected to be in the hundreds of thousands of dollars.
Parada remains in custody on multiple counts of grand theft.
The San Francisco Police Department acknowledges the assistance provided by the Mission Economic Development Association (MEDA). Through a series of meetings conducted by Dairo Romero, Community Organizer for MEDA, the extent of the fraud incidents came to light and the police department was contacted. SFPD Fraud inspectors began an investigation, conducting the first interviews at the MEDA facility.
The San Francisco Police Department Fraud Detail encourages anyone who may have been a victim of this fraud or who has any information to contact the Fraud Detail at 553-1521, or to contact Mr. Romero at 282-3334, ext. 25.
For more information, please contact:
Public Affairs Office
850 Bryant Street, Room 549, San Francisco, CA. 94103