News from the D.A.
VENTURA, CA – District Attorney Gregory D. Totten announced the arrest of Oxnard resident Michael McDevitt for felonyDistrict Attorney Gregory D. Totten announced the arrest of Oxnard resident Michael McDevitt for felony grand theft and tax evasion. grand theft and tax evasion. He is charged with seven felony counts of grand theft and two felony counts of tax evasion. The charges are the result of an investigation conducted by the District Attorney’s Real Estate Fraud Unit and the Franchise Tax Board (FTB).McDevitt operated a loan modification company called Scovis Law Group (SLG) in Thousand Oaks, California. The SLG represented that it was an expert in the field of loan modifications. McDevitt and his agents are alleged to have made numerous false representations to victims who were promised loan modifications throughout 2010 and 2011 in return for advance fees. The collection of up-front fees for mortgage loan modifications is illegal in California. Victims received no actual services and suffered monetary losses of approximately $29,000.
In addition, it is alleged that McDevitt failed to disclose $67,818 in taxable income for 2009 and failed to report $718,197 in taxable income for 2010.