Seal Beach Man Targets Elderly in Foreclosure Fraud Scheme

Posted on August 31, 2011

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Seal Beach Man Steals Money from Elderly

There’s more than one way to steal someone’s money in foreclosure fraud.

John Wesley Martynec told elderly investors that he was running a foreclosure purchase business where foreclosed homes would be bought, fixed up and sold at a profit.

“After an eight-month investigation, police arrested John Wesley Martynec, 35, on 34 counts of fraud and elder abuse, said Seal Beach Police Sgt. Steve Bowles.” More than $300,000 was stolen from elderly investors to his scheme.

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