Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Real estate fraudsters stole more than $30 million

Coronado, check...La Jolla, check...Del Mar, check...

Coronado businessman Courtland Gettel and Arizona lawyer Jeffrey Greenberg pleaded guilty this week to pulling off a real estate scam that took in $30 million.

They took out big loans against expensive homes in La Jolla and Del Mar, then pretended the loans had been paid off so they could get more money from new lenders who were led to believe through forged documents that the homes were debt-free.

Gettel and Greenberg forged real estate lien releases and recorded phony records at the San Diego County Recorder's office, muddying up the chain of title for the homes. Then they defaulted on their obligations to repay the loans, causing millions of dollars of losses from unpaid loans. Greenberg pleaded guilty to running a similar scam in Tucson.

Sponsored
Sponsored

Gettel admitted that he and a partner acquired high-end homes in La Jolla and Del Mar, telling lenders they intended to use them as rental properties. Actually, they and their families lived in the homes.

Courtland Gettel

Gettel's LinkedIn profile, meanwhile, declares that he's CEO of "Variant/Conix" and has "Managed the acquisition and sales of over a billion worth of distressed properties..."

In a telephone interview with Reader reporter Matt Potter two years ago, Gettel hung up after being asked why he had contributed to an election fund for attorney Robert Brewer, then running a campaign to unseat district attorney Bonnie Dumanis.

"Why are you asking these questions?" Gettel asked Potter. "We give anonymously."

Potter then told him state disclosure laws didn't allow anonymous political giving. Gettel responded, "Way too many questions, buddy. I wish you the best," and ended the call.

The latest copy of the Reader

Please enjoy this clickable Reader flipbook. Linked text and ads are flash-highlighted in blue for your convenience. To enhance your viewing, please open full screen mode by clicking the icon on the far right of the black flipbook toolbar.

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Filmora 14’s AI Tools Streamline Content Creation for Marketers

Coronado businessman Courtland Gettel and Arizona lawyer Jeffrey Greenberg pleaded guilty this week to pulling off a real estate scam that took in $30 million.

They took out big loans against expensive homes in La Jolla and Del Mar, then pretended the loans had been paid off so they could get more money from new lenders who were led to believe through forged documents that the homes were debt-free.

Gettel and Greenberg forged real estate lien releases and recorded phony records at the San Diego County Recorder's office, muddying up the chain of title for the homes. Then they defaulted on their obligations to repay the loans, causing millions of dollars of losses from unpaid loans. Greenberg pleaded guilty to running a similar scam in Tucson.

Sponsored
Sponsored

Gettel admitted that he and a partner acquired high-end homes in La Jolla and Del Mar, telling lenders they intended to use them as rental properties. Actually, they and their families lived in the homes.

Courtland Gettel

Gettel's LinkedIn profile, meanwhile, declares that he's CEO of "Variant/Conix" and has "Managed the acquisition and sales of over a billion worth of distressed properties..."

In a telephone interview with Reader reporter Matt Potter two years ago, Gettel hung up after being asked why he had contributed to an election fund for attorney Robert Brewer, then running a campaign to unseat district attorney Bonnie Dumanis.

"Why are you asking these questions?" Gettel asked Potter. "We give anonymously."

Potter then told him state disclosure laws didn't allow anonymous political giving. Gettel responded, "Way too many questions, buddy. I wish you the best," and ended the call.

Comments
Sponsored

The latest copy of the Reader

Please enjoy this clickable Reader flipbook. Linked text and ads are flash-highlighted in blue for your convenience. To enhance your viewing, please open full screen mode by clicking the icon on the far right of the black flipbook toolbar.

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Todd Gloria gets cash from McDonald's franchise owners

Phil's BBQ owner for Larry Turner
Next Article

Pranksters vandalize Padres billboard in wake of playoff loss

Where’s the bat at?
Comments
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader