FBI Raids Hollywood Mansion in $17.4M Mortgage Scam Targeting Seniors, 11 Arrested

Suspects include an Iranian national and an Azerbaijani national, accused of stealing victims' identities and taking out fraudulent mortgages

Mar. 21, 2026 at 5:18pm

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FBI agents raided a Hollywood mansion, arresting 11 suspects in an alleged $17.4 million mortgage fraud scheme that targeted elderly homeowners. The suspects are accused of stealing victims' identities, taking out fraudulent mortgages on their homes, and pocketing the cash. Two of the suspects are foreign nationals - an Iranian and an Azerbaijani.

Why it matters

This case highlights the growing problem of mortgage fraud, particularly schemes that target vulnerable elderly homeowners. It also raises concerns about the involvement of foreign nationals in such criminal activities within the United States.

The details

Prosecutors say the scheme resulted in about $6 million in actual losses. The suspects allegedly used fake identities and shell accounts to funnel the fraudulent proceeds. The properties involved were located across Los Angeles, including in Hollywood, Hollywood Hills, Westwood, and Chinatown.

  • The alleged crimes took place between 2021 and 2023.
  • The FBI raid and arrests occurred on March 21, 2026.

The players

Nazaret Chakrian

One of the 11 suspects charged in the alleged mortgage fraud scheme.

Arnold Moradians

An Iranian national who is one of the 11 suspects and has an outstanding warrant for removal from the United States.

Marine Sarkisian

An Azerbaijani national and green card holder who is one of the 11 suspects charged.

Bill Essayli

The first assistant United States attorney who commented on the case.

Kash Patel

The FBI Director who praised the raid on Twitter.

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What they’re saying

“There is no shortage of massive fraud occurring within California. Today's operation represents one of many sophisticated schemes used by criminals — including foreign nationals — to defraud U.S. citizens and taxpayers of their hard-earned property. Those days are over under this U.S. Department of Justice. These defendants will be facing significant prison time for their charged conduct.”

— Bill Essayli, First Assistant United States Attorney

“Massive alleged fraud takedown in California from @FBILosAngeles — well done.”

— Kash Patel, FBI Director

What’s next

The judge will decide on Tuesday whether to allow any of the suspects to be released on bail.

The takeaway

This case highlights the growing threat of mortgage fraud, particularly schemes that target vulnerable elderly homeowners. It also raises concerns about the involvement of foreign nationals in such criminal activities within the United States, and the need for continued vigilance and strong enforcement to protect consumers.