Real estate properties linked to Napoles clan seized

Burn marks and wooden boards, a property believed to have been purchased with ill-gotten wealth, now looks ill.

This commercial property in Covina 2, purchased for 1.2 million dollars in 2007, is one of 4 real estate properties linked to the Lim-Napoles clan, and are currently in a federal asset forfeiture proceeding.

The four properties are believed to be worth over 12 million dollars.

 “There’s an asset forfeiture case that was filed in the Santa Ana courthouse and this is the dispute as to where the money should end up going. The United States government has seized those assets and wants to distribute the funds back to the Philippines,” says Atty. Daniel O’Brien.

The forfeiture case began in August of 2015, but the Covina property’s condition had gotten so bad that at one point.

Federal officials say that they had found a homeless person living in the property and evidence of a fire.

A visit by ABS-CBN last year showed mounds of trash outside and a notice from county officials declaring the former school site a public nuisance.

Last May, the courts ordered the Napoles family to maintain and secure their properties throughout the proceedings, and to continue paying property taxes and mortgages.

Our visit this week did show a more secure and cleaner property.

As one Napoles linked property falls apart, it’s business as usual at another property some 28 miles away.

The Anaheim Express Inn near Disneyland remains open.

The federal government had also blocked the sale of Jeanne Napoles’ unit in the upscale Ritz Carlton.

Attempted transactions of the Ritz, as well as other the other properties, have led to the criminal charges filed earlier this week.

“The first count is over Arching conspiracy, the next three counts all pertain to the sale or attempted sale of assets in the United States and the final two counts pertain to Jeanne’s efforts to transfer the proceeds of those sales to various purposes. One, she transferred the proceeds of the Porsche sale to her boyfriend’s bank account in the United Kingdom, the other one was she tried to transfer the proceeds of the sale of the Rita condominium to start a fashion business here in Southern California.”

O’Brien says that the forfeiture case is expected to go to trial next year, while the criminal trial is expected to take a longer process due to pending cases in the Philippines.

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