California ‘Boiler Room’ Boss Gets 10 Years: Selling False Hope To 900 Desperate Homeowners
Dec 18, 2025
The operator of a predatory “boiler room” network that squeezed millions of dollars out of families already on the brink of foreclosure was sentenced today to ten years in federal prison. Mohammed Zafaranchi, 43, of California, known to his associates and victims as “Mike,” was taken into cu
stody immediately following the hearing at the U.S. […]
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