Trials and Arbitration

Finance executive, broker convicted of real estate fraud involving homes in La Jolla, Del Mar

Finance executive, broker convicted of real estate fraud involving homes in La Jolla, Del Mar

A finance executive and a real estate broker were found guilty Tuesday, Nov. 20, in San Diego federal court of a slate of criminal charges for their roles in a scheme that generated nearly $50 million in fraudulently obtained loan proceeds.

Following a two-week trial, a jury convicted Peter Cash Doye, 41, and 38-year-old Raquel Reid of a combined 11 counts of fraud and aggravated identity theft. Reid also was convicted of making false statements to federal agents.

According to prosecutors, the two San Diego residents defrauded lenders into making loans against four multimillion-dollar mansions in La Jolla and Del Mar, then used forged documents...

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