More Trouble for Dixon Bank Robber

A Dixon man convicted of bank robberies in Solano and Yolo counties and who is now serving time in state prison is now the target of a federal grand jury indictment charging him with mail fraud for a mortgage fraud scheme.

On Thursday, United States Attorney Benjamin B. Wagner announced that a federal grand jury returned a two-count indictment charging Hubert Rotteveel, 49, of Dixon, with mail fraud that he used to facilitate mortgage fraud.

According to the indictment, Rotteveel acted as a real estate salesperson for 13 properties in Dixon that were purchased by two people.

According to a press release prepared by the U.S. Attorney's Office Rotteveel inflated the values of the properties and worked with loan officers to provide false information to lenders about the income and liabilities of the purchasers in order to induce the lenders to fund loans for the properties.

For most of the transactions, when the sales closed, the escrow officer distributed funds to a bank account in the name of Windmill Properties, a company owned by Rotteveel, without disclosing to the lenders that these payments were made, the release stated.

A total of more than $700,000 was distributed to Windmill Properties under this scheme, and the lenders lost more than $3 million when all 13 properties underwent foreclosure, according to the release.

This case is the product of an extensive joint investigation by the Internal Revenue Service - Criminal Investigation and the Federal Bureau of Investigation. Assistant United States Attorney Jean M. Hobler is prosecuting the case, the release said.

If convicted, Rotteveel faces a  maximum statutory penalty of 30 years in prison and a $1 million fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variable, the release said. 

Rotteveel is serving more than five years in state prison for bank robberies he was convicted on last year.