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La Jolla moneyman Indiana-bound

K2 Capital honcho Brian Kandefer gets 121 months in the clink

Brian Kandefer, whose loan modification scam was based in La Jolla, has been sentenced to 121 months in prison in Northern Indiana. He pleaded guilty to wire fraud and money laundering.

Kandefer was a co-owner of La Jolla's K2 Capital Management, whose employees purported to be mortgage loan experts who could help thousands of homeowners avoid foreclosure. But K2, like so many such enterprises, did not have the expertise and couldn't have pulled off the feat if it had. Those who paid money for such assistance lost a bundle.

In March of last year, Kandefer was charged with multiple counts if wire fraud, mail fraud, and money laundering.

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Brian Kandefer, whose loan modification scam was based in La Jolla, has been sentenced to 121 months in prison in Northern Indiana. He pleaded guilty to wire fraud and money laundering.

Kandefer was a co-owner of La Jolla's K2 Capital Management, whose employees purported to be mortgage loan experts who could help thousands of homeowners avoid foreclosure. But K2, like so many such enterprises, did not have the expertise and couldn't have pulled off the feat if it had. Those who paid money for such assistance lost a bundle.

In March of last year, Kandefer was charged with multiple counts if wire fraud, mail fraud, and money laundering.

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Comments
8

too bad Kerry Steigerwalt did not get sent up.

Nov. 21, 2015

Murphyjunk. He did not get what he deserved. Best, Don Bauder

Nov. 23, 2015

OK but are they pretty? I have to look into what happened to Steigerwalt cause I can't find representation and his TV adds disappeared.

Nov. 21, 2015

he got kicked out of the good o'l boys club for a while ( the calif bar assn. )

Nov. 22, 2015

Murphyjunk. It was hardly a stiff penalty. Best, Don Bauder

Nov. 23, 2015

Shirleyberan. I do not know anyone who misses those barrages of ads. Best, Don Bauder

Nov. 23, 2015

shirleyberan: Steigerwalt was booted from the California Bar for one year and in late 2013 was eligible to practice law again. I doubt that he will be advertising his law practice soon. I also doubt that local TV stations, which made so much money on his ads, will be going to him for quotes on local stories all the time. Best, Don Bauder

Nov. 26, 2015

What did Steigerwalt do?! I remember seeing his ads. Why did they close him down?!

May 13, 2016

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