FBI Raids Hollywood Mansion in $17.4M Fraud, Arrests 11 Including Iranian
FBI agents executed an early-morning raid at a Hollywood mansion. Authorities arrested a man who emerged in pajamas and surrendered with his hands raised.
Alleged fraud and losses
Federal prosecutors say the operation involved an alleged $17.4 million mortgage fraud scheme. Investigators estimate about $6 million in actual losses to victims.
Officials said the fraud targeted elderly homeowners. The defendants are accused of stealing identities and taking out loans on victims’ properties.
How the scheme allegedly worked
Authorities say the group gathered personal data to create forged IDs and email accounts. They used those identities to apply for high-value “hard money” loans.
Prosecutors say falsified bank records, rental agreements, and medical papers were submitted. Loan proceeds were then routed through shell accounts and wired away.
Scope and locations
The alleged misconduct took place between 2021 and 2023. Properties across Los Angeles were involved, including Hollywood, Hollywood Hills, Westwood, and Chinatown.
Agents reported luxury vehicles outside the residence and signs of recent remodeling. The arrest was part of a wider probe called Operation Hard Money.
Investigation and agencies
The case followed a four-year investigation. The FBI-led Eurasian Organized Crime Task Force spearheaded the probe.
Partners included IRS Criminal Investigation, the U.S. Postal Inspection Service, and local law enforcement. Multiple agencies worked together on arrests and evidence collection.
Defendants and charges
Eleven individuals were arrested. Most face conspiracy and multiple wire fraud counts, with several charged for aggravated identity theft and money laundering.
- Nazaret Chakrian, 65
- Arnold Moradians, 57 (Iranian national; removal warrant outstanding)
- Avetis Hekimyan, 38
- Ross Tarkhan, 32
- Tigran Hovanesian, 56
- Armen Vardevaryan, 55
- Craig Higdon, 66
- Helen Spangler, 62
- Victor Lossi, 43
- Marine Sarkisian, 49 (Azerbaijani national; lawful permanent resident)
- Cynthia Borjas, 51
If convicted, defendants could face up to 20 years for each fraud and money laundering count. Aggravated identity theft carries an additional mandatory two-year consecutive term.
News releases described the action as a major takedown. Officials emphasized enforcement against schemes that prey on older Americans.
FBI agents confirmed the operation involved a Hollywood property. The case has drawn attention for alleged use of stolen identities, targeted loans, and complex money movements.
Local prosecutors said the defendants will face substantial federal charges. The investigation is ongoing, and more developments may follow.
Filmogaz.com will continue to monitor the situation. The raid and arrests highlight concerns about mortgage fraud and elder-targeted schemes.
