realestate

Newport Beach resident sentenced to 4 years for massive real estate scam.

Ronald Cedric Touchard admits to taking equity from costly homes he didn't own.

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Newport Beach man has been sentenced to four years for orchestrating a multi-million dollar real estate scam. Ronald Cedric Touchard admitted to exploiting his connections to take out equity from high-end homes without actually owning them.

    In doing so, he lined his pockets with millions of dollars in ill-gotten gains.

Newport Beach man receives 4-year sentence for large-scale real estate fraud conviction.