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Three Arrested in Alleged Deed-Theft of $1.5 Million Burbank Home as Fourth Suspect Is Sought

Prosecutors describe a deed-theft scheme that routed nearly $975,000 through escrow using stolen identities plus forged records.

Overview

  • Federal authorities arrested broker Glenis Cardona, Ivan Reyes, and Arshak Akopyan on wire-fraud charges, while Basil Tikriti remains a fugitive.
  • Investigators say the group used the identities of the real homeowner and a purported buyer to push a fraudulent sale through Cardona’s Golden Escrow.
  • The complaint details forged IDs, a purchase agreement, a grant deed, a deed of trust, and loan applications, with deeds allegedly falsely notarized.
  • The sale closed on Jan. 3, 2024, yielding about $975,000 in loan proceeds routed to third parties, including a $60,000 wire to Cardona that day.
  • The case emerged from a related mortgage-fraud probe involving WhatsApp and Signal messages and a cooperating witness, with red flags from a title company and intermediaries helping unravel the scheme; defendants face up to 30 years if convicted.