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Editor’s note: On Aug. 6, 2014, William Hogarty, 50, a former Livermore mortgage broker, entered a plea of “no contest” and was found guilty of a misdemeanor crime, a violation of California Civil Code section 2944.6, according to court documents and the District Attorney’s office. After stipulating to the factual basis of the 12 felony counts of fraud, three counts of theft and one count of perjury, which he was charged with in April 2013, all felony counts were dismissed. Section 2944.6 requires certain specific written disclosures to borrowers prior to mortgage loan modifications. Alameda County Deputy District Attorney David Lim, who prosecuted the case, said that restitution was the goal of the agreement. Hogarty agreed to pay a total of $56,125 to 12 victims from Alameda County. Sentencing is set for November 18.
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A former financier was set for a preliminary hearing Monday on an allegation of attacking and threatening his former roommate at his Livermore mansion. Instead, he was led from the courtroom in handcuffs, facing 12 new counts of real estate fraud, three counts of criminal conspiracy and one count of perjury.
That’s in addition to a civil case filed by several people who claimed he defrauded them and they lost their homes as a result.
The financier, William Hogarty, 49, is the owner of the now defunct OF Lending, which claimed to do short-pay refinancing (SPR), allowing homeowners who were underwater on their homes to renegotiate with their banks.
(Portion of original story removed.)
Court documents claim Hogarty and co-defendants James Allen Rivera Jr., Gregory Wayne Lomba and James Torpey conspired to defraud people of their property, that they conspired to commit false advertising, and conspired to collect advance fees.
The four are also charged with a combined 12 counts of grand theft, for taking more than $69,000 from clients who hoped to save their homes.
(Portion of original story removed.)
In a recent interview with the Pleasanton Weekly, He said he was not responsible for any of the losses to OFL’s clients.
“None of these clients were my clients. They were all agents’ clients,” he said, blaming Rivera for the misdealings. “He was the man behind 80% of the problems. I paid dearly for that.”
He also blamed the victims, saying some of them now say they don’t know what they signed.
He appeared on a Bay Area television show, “View from the Bay,” in January 2010, where he promoted his company, and claimed he’d saved one woman $370,000 by doing a short-pay refinance. On the show, he advised people to never submit false or untruthful information.
“The truth is always best,” he told the show’s hosts.
Hogarty, Rivera, Lomba and Torpey also face additional time under a California enhancement that increases possible prison time for white collar crimes. The four, court documents say, had a “pattern of related felony conduct” that involved “the taking of and results in the loss by another of more than $100,000.”
The 2005 Mr. California Bodybuilding Champion, still faces felony aggravated assault and threats charges, in which his former roommate claims he was choked until he nearly blacked out. The preliminary hearing was postponed when he was arrested on the new charges.
He has since been released on bail, and the $250,000 bond from his criminal charges was renewed. Lomba and Torpey were each being held on a $100,000 bond, and Rivera could not be located.
In the civil case, 22 people have claims under the lawsuit that now includes him. Virtually every employee of the company was named in the suit, — along with Riviera, Tiffany Carr and Lomba. That case alleges clients paid upfront fees ranging from $1,200 to $12,000, for the company’s short-pay refinancing services.
At least three people have already won judgments against him.
He sold his home in a short sale, exactly the kind of deal he told clients they could avoid. The 12,978-square-foot mansion, with eight bedrooms, a 12-car garage and swimming pool was promoted as Northern California’s answer to the Playboy mansion. It was the scene of risque parties, such as the Fallen Angels Lingerie Party and Mardi Gras at the Mansion. He said those parties were in full compliance with the law.
New state law prohibits law enforcement from posting mugshots on social mediaAugust 1, 2021 11:12 am
I’m so pleased this is finally all catching up with him. Great reporting. Please continue to update frequently.
Hogarty is a crook with zero morals, and a stain on society! It’s great to see our justice system is catching up with him in a big way.
Ton’s more detail in this article versus the local ABC 7 channel – nice work by Glenn Wohltmann and the Pleasanton Weekly Staff!
Per his facebook he was just on a weeks vacation with his wife. I see he was able to bail out of santa rita, but his 3 conspirators could not.
He is finally getting what he deserves.
Looks like the wifey is posting on behalf of Bill. It’s funny she calls those that were scammed thieves when her husband, William Hogarty, is the one who has in fact been charged with GRAND THEFT, conspiracy and perjury. So I wonder if she realizes what thieves they were when the made their building winder foreclose on the property while Vill ran his business there for free or about the mortgage companies he screwed and stiffed when he finally has to short sale Hus house after playing games and living in it for free while he pretended he was trying to sell it. Yeah, I’m pretty sure the real thief, William Hogarty, was arrested and charged.
it would be a shame if one of the people he scammed had a bad temper and a gun
Who ever has encountered William Hogarty knows what a crook and low life he is.. Obviously the only positive comment is from his wife because she has no other choice then be on his side.. She knew what was going on and now they are on another multi level marketing scam Body by VI… Give me a break. You’ve taken money from innocent ppl used it to buy diamonds, boats, furs etc and have playboy style parties at your home and now shit is catching up to y ou guys.. all deserved… suffer like the ppl you scammed have suffered when you took their retirement money for your lavish expenses and trips…. your turn now
@thenextsecretmillionaire:
So I guess we can agree that you (Christy Hogarty) and your husband, Bill Hogarty, robbed your mortgage lendersssssss when you did a short sale on your mansion, right, because they didn’t get back the money they loaned you, right? The difference between you robbing your mortgage companies and we victims is that we paid our mortgages the whole time while apparently you did not. We were also living in your standard and modest house while paying our mortgages while you all lived in a fat mansion and weren’t paying your mortgage company for a few years while still using this mansion (that you weren’t paying for) to bring in tens of thousands of dollars hosting disgusting parties requiring local law enforcement resources that you weren’t paying for since your husband admitted you didn’t pay your property taxes. Let’s not forget that you both also robbed the bank that loaned you money on the office building that you stopped paying on and that you used to defraud people like us and that ultimately the bank had to foreclose on you and throw you out. While not paying the mortgage on the building, you still collected rent from the other tenants so you profited in all sorts of ways when you robbed this bank. You didn’t tell the tenants that the building was in foreclosure and then when you were thrown out, you kept their security deposits too.
I don’t know how you all can show your faces around this community where you’ve done so much harm to so many. Think about the impact all of this is going to have on your children that your husband claims to love so much and stop using them as pawns in your newest MLM venture.
It warms my heart to hear that Hogarty and his entire clan are finally getting what they deserve. I was one of the first people to file claims against OF Lending and his brainless followers. I filed claims with every agency I could, including the DA and the Board of Real Estate. I did a huge amount of research on Hogarty. Unfortunately, it was after he stole $6,000.00 from me in one of his refinance scams. I was amazed and sickened by all of the horrible things I found about him on the internet. He has a history of scams that go back many many years. It’s one terrible story after another and spans across multiple states. I started a few blogs about what he had done to me. I received a shocking amount of responses from people he had also screwed over. So many sad stories. He basically took them for every penny they had, never did anything he and his clan had promised and ended up losing their homes in the end. I helped as many of them as I could. Hogarty and everyone involved with following him, are extremely sick and disgusting people.
In their twisted sick mind, they still believe they have done nothing wrong. His dumb ass wife continues to lie about everything. One of the responses above called it right. His wife is one of the people who commented to this article. It’s obvious because her writing and grammar is as bad as her husband’s. News flash to you sick pieces of crap………..YOU CAN’T LIE TO GOD!!!!!!!!!!! He is the one we all have to answer to eventually. EVEN YOU!!! I pray that your children will be able to move far away from here and have a chance to grow up without the influence of such pieces of crap parents. I Hope you all go to jail for a VERY LONG TIME!
Oh, please stop with the sob stories, Judy. Look at where this state is headed. Now that’s something to cry about. No doubt the state spent hard earned taxpayer money in order to frame this hero. What the state is claiming simply doesn’t happen in our free enterprise system. People don’t need to be corrupt because anyone can be rich if they play by the rules. Judy, that’s right, you and your fellow union shills could all be millionaires if you weren’t so busy complaining about the free enterprise system. Instead of framing the innocent job-creating hero, the state should be rolling back its laws and regulations — all meant to crimp the style of freedom seekers like Hogarty and his associates.
Arnold, we are all well aware of what a mess this state is in. That does not make what Hogarty does acceptable. There is something very wrong with you if you think that’s okay. Did you ever hear the saying “Don’t forget the little people along the way”? You have no idea what my financial situation is right now. It has been a few years since I became one of Hogarty’s victims. I have come a very long way since then. What makes me a better person than you is that I will never lose my compassion for anyone who is hurting especially because of people like Hogarty. Good luck with your life. I feel sorry for you.
thenextsecretmillionaire, OMG…………….For you information………..The banks willingly AND KNOWINGLY took the money which was supposed to go to the programs set up to help these people and NEVER used it for that, turned down loan after loan after loan, AND NEVER PAID IT BACK!!!!!!!!!!!!!!!!!!!
@Arnold: You’re crazy.
@thenextsecretmillionaire/Christy Hogarty:
Keep on posting. Maybe you’ll be next to be charged. It’s clear you have inside knowledge and everyone knows your participation level. I’m sure the DA has identified this. I’m not a lawyer or in law enforcement, but surely charging these four, including your husband, doesn’t mean they can’t charge more. You’ve taken on his approach of throwing in numbers to make yourself look credible or like you know what you’re talking about and are even reciting some of his lame excuses as if the economy or mortgage meltdown gave him the right to commit grand theft, fraud, conspiracy and perjury.
You do know they can track who posted on here even when you use an alias, don’t you? You are truly the gift that keeps on giving and it’s obvious you and your husband are posting under this alias because he keeps getting himself into trouble when he opens his mouth because everything he says is a lie, something the DA obviously knows based on the perjury charge.
I pity the children involved in this. It’s all out there for them to see. I’m sorry that some day, if your step children aren’t already, will read all of this and all the disgusting things including all the nastiness of your personal and sex lives. Your husband claims to love his children so much, yet he is forcing them to be dragged through this for the world to see and even uses them as pawns when he is trying to sucker new people into his latest “venture”. They are nothing more than props to him. It’s very tragic and will hurt them for the rest of their lives. Have a little self respect, or show a little respect for your children, and restrain yourself. And for God’s sake, please tell your husband to steer clear of any of the children’s activities and schools. I’ll speak for them and say you’re both a huge embarrassment and they don’t want you around. As a parent myself, I’ll also say I don’t want you around my child either.
@arnold and thesecretmillionaire
You are either the same person, probably a relative. Definitely not bill hogarty, the writing is MUCH better.
Anyone that defends the actions of hogarty and OF lending are either relatives or co-conspirators, or both.
Trying to say these crimes are not worth prosecuting is ridiculous. Criminals are prosecuted for far less greater crimes. Only a true narrcisist would feel this way.
My hope is that all parties concerned get long prison terms. Christy gets locked up as well and the kids end up in foster care with families that really care about them.
The true tell tale sign of a conman, read how he spins being a used car dealer…hahaha
What a bunch of lowlifes.
Maybe this Hogarty guy should run for County Supervisor or the State Legislature. He would fit right in.
This is William Hogarty
I would like to clear some things up
I am very sorry for the people we could not help. It was NOT for a lack of effort. We put over 100 hours into every file. To the end, the banks choose not to help their clients
My wife has not posted on this post or any post for that matter, she is focused on being a wife and mother through challenging times
I believe Judy Jacobs got 5k of her 6k back, please correct me if I am wrong. We paid as many people back as we could
I am surprised at all the judgement and name calling. Guess it goes with territory. I am working as hard to get this behind us.
I cannot comment any more until this is resolved and I promise to relay all the FACTS through the media at that timn. I relize that this responce will create upset and drama so dammed if i do and dammed if i dont. Once the last matter is behind me I am more than willing to share, discuss with anyone the facts of the matter, again I am truley sorry
Mr. Hogarty:
You are only truly sorry you got caught.
You are not a victim. You are not remorseful. You continue to lie. Your media campaign about the supposed “FACTS” will have to come from inside of a prison with thousands of other “innocent” felons.
The challenging times your family is faced with are of your own making and that of your wife and codefendants. You created challenging times for my family and so many others with theft, deception and fraud. You then spent this money on yachts, country club fees, a mansion, a new sports car, personal items, vacations, designer clothes any perhaps chemicals to maintain your physique.
I have watched this from the sidelines for a few years now and will patiently wait for the process to run it’s course while predicting you will face severe consequences for your deplorable conduct.
Actually you are wrong. I am very sorry on many levels. I have never run as I choose to face this head on. I am the first to admit I have many faults, yet giving up is not one of them. We are in a world that is in deep recession and the hard times will continue until the banks choose to start helping people(not sure they will)second recession comming. I realize I make a great a fall guy, yet I built my mansion in 2000 long before 2009, and bought the boat in 2006 again long before 2009. In the end, we did help many save their home yet it wasnt perfect by any means. I realize I make an easy target, yet FAR from a victom. All my “material” items are gone yet I have an amazing family that I love and love me. My mother in law approached me today and said :”thank you for all you do” See this is what truely drives me. My realtionship with my father took 40 years and many say I am lucky yet I never gave up on him and I happy to see him recieve love he never dreamed of from my daughters. Far more than many and I guess that makes me bad. Yet it wasnt an easy road. In a world that 7 of my 7 couple friends divorced I feel bleesed my wife stood by me (wqe both had to compromise). I am more lucky in that regards to most and never take it for granded. I did not cause the collaspe the US real estate market, yet tried to help. May i ask what you dit to help? I have over 100,000 clients in my career and accept this last run ended badly. I feel horrible for that. I am under alot of judgement yet I face it and dont run. Again I am the first to admit my many faults, yet giving up is not one of them. I truley hope you are happy and find peace in your wake.
Ms. Hogarty:
It’s very generous of you to come on here and admit that short pay refis weren’t happening a few years ago when you, your husband and co defendants claimed they were and that banks are only now “starting” and have “started to” do them. If only you and your husband had been this honest a few years ago when you charged people thousands of dollars to do what you have now admitted they weren’t doing.
It’s interesting that you want compassion because you are a mother and you don’t want this to impact your child when the money you and your husband stole from us was out of our children’s college funds and was to pay for food and clothing for them. The houses lost to you and your husband’s fraud were our children’s homes and their futures. While we gave you money that was to support and care for our children, you spent OUR money on having your hair and nails done, designer clothes, vacations, a yacht, sportscar, lavish parties. Are our children any less worthy than yours? Why would any of us care to see anything about what kind of mother you are? Did you care about what our children went without so you could pay for fancy things for yourself with our money?
You are no victim or shield and the billion dollar lawsuits have nothing to do with you other than to prove your all frauds. I do wonder why you weren’t charged and hope that it’s only a matter of time before you are.
Mr. Hogarty:
I have seen your wife before and she does not wear $10 Costco shorts and polo shirts.
You are not a victim or a fall guy, you are a thief and a fraud. If you loved your family and your children, you would not have put them through this. It’s nice that your father enjoys his grandchildren. Too bad other grandchildren have grandparents that lost their homes because you are a thief and a fraud, homes they probably planned to leave for their families and grandchildren when they are gone. The lady you assaulted was someone’s mother and maybe someone’s grandmother. I know I speak for many when I say that no one cares about your marriage and about the divorce rate among your friends. The people you surround yourself and with are not the type of people we/I would and your twisted relationship your wife is of zero concern. You love your wife and child so much that you threw her out when she was carrying the child so you could carry on with another woman and reconciled only when you were arrested for viciously assaulting one of her supposed friends. That’s not what a real man, father or husband does.
You claim you’ve faced the problem you created head on when you filed a fraudulent bankruptcy and named those you stole from as creditors to avoid having to pay them back and to run away from the mess you created. You lied to the courts about your assets that you hid just so you could avoid paying those you stole from. The 10% of your bail you’ve come up with in cash in the last year exceeds the total amount you paid back to ALL those you defrauded. You claimed to have no money to pay us back but of course you have it when you need it for yourself so you can be comfortable and to avoid taking responsibility for what you claim you’ve faced. You are a coward and liar and a thief. When the market collapsed as it did, you should have adjusted your life style instead of taking advantage of the collapse and people that were hurting because of it and using these people as your prey. You should have been honest and told people what your wife now admits and that banks weren’t working with homeowners but instead you lied and told us/them otherwise to defraud us/them of our hard earned money.
The truth is out there now and it didn’t come from you. You still seek to hide it to protect yourself instead of being a man and standing up and facing what you’ve done and accepting the consequences for it. If this doesn’t define a coward then I don’t know what does.
You and your wife are doing a good job of making the case for the DA. No one buys anything you say now and they won’t when judgment day comes either.
Good morning. My family and I have been silent for the last 2 years as we were un sure as to how to handle all this. First all I am truely sorry for all this. We attempted to help people save their homes and the large banks said no. It was not for a lack of effort. We will go public after the last matter is behind us. It is amazing how alligations and rumors by animious people are looked at as true. For instance, Judy Jacobs, we paid her back and we have the canceled check. For the life of me, I cannot understand so much upset by her when she was paid back. I have the checks in a jpg and more than happy to post if Livermore Patch allows.
I am very sorry for this mess, yet the country is far from clear of the recession and frankly it is because banks wont help people
@William Hogarty,
You’ve been far from silent for the last 2 years. You did not pay Judy Jacobs back everything you stole from her when you signed her up for a program she didn’t qualify for & you committed grand theft by lying to her face & taking money from her based on these lies. You surely did not pay her back part of what you stole from her because you wanted to, you were forced to. Paying back people you stole from doesn’t make the theft and fraud okay. Under that theory, maybe someone could steal a car from you & return it 2 years later and say they did nothing wrong. Or maybe you could kidnap a person and as long as you return them a few years later it’s okay. Or rob a bank and then return PART of what you stole and pretend that makes it okay.
It’s interesting how in your “silence” you’ve said over & over how you returned EXACTLY “$421,000” to those you stole from, but suddenly you aren’t saying this anymore. Could it be because you told this very lie to the DOJ & that you really refunded less than $30K of the millions you stole? Don’t forget that you tried to do away with refunding additional funds to all others by claiming them as creditors in your FRAUDULENT bankruptcy case that was thrown out.
I’ll post the entire criminal complaint against you where your co-conspirators admit this was all a scam, you knew it & that has the results of the audits of your books done at the taxpayer expense because you tried to defraud the court as you defrauded others.
@William hogarty:
On a side note, please stick a sock in it, crawl under a rock & go away. Or move to the other side of the country……oh wait, bet you can’t do that when you have seventeen felonies pending against you.
Your input about the economy is pathetic & no one cares what you think. You’re a washed up crook, you stole from employees, “customers” and were even fired from the board of the bank you pretend loved you. You were involved in a check kiting scheme & you wrote rubber checks to those you claim you refunded money to. And let’s not forget all the bounced checks to your employees. You used the downturn in the market to enrich yourself by preying on those left most vulnerable by the downturn. You were then forced out of the industry & you haven’t a clue what you are talking about. You pretended to know how to save people from foreclosure or short sales with a scam when you had your building foreclosed on and just short sold your own home. The program was so great like you said that it didn’t even work for you, yet you never told customers this. Why don’t you go & get a real job instead of involving yourself into MLM’s where your goal is to make money off the backs of others. If you think it’s not known that you’re running an illegal used card dealership, you’d be wrong. Who knows when someone will care enough to rat you out for this. You’re not fooling anyone. Why on earth would anyone listen to input about the economy from someone like you? LOL.