Seal Beach Man Targets Elderly in Foreclosure Fraud Scheme

Posted on August 31, 2011


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.