California News

Dec 20, 2012 7:51 PM by The Associated Press

FBI seeks man who failed to show for sentencing

LOS ANGELES (AP) - The FBI is looking for a Southern California con man who failed to show up for in federal court for sentencing after admitting fraudulent investment and home-refinancing schemes that caused millions of dollars in losses.

The FBI said in a statement Thursday that 29-year-old David Kaup of San Gabriel was supposed to have appeared in court on Monday.

Kaup pleaded guilty to two counts of wire fraud in April. According to his plea agreement, Kaup carried out three separate fraud schemes that defrauded people who thought they were investing in commercial loans and homeowners who sought his assistance in refinancing their homes.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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