Sacto 9-1-1
November 2, 2012
Ask Sacto 911 crime Q&A: Has man indicted in real estate fraud case gone to trial?

Bee reporters answer questions about area crime news, trends and other issues.

QUESTION: Has Christopher Jackson gone to trial? If not, what is causing the delay?
Submitted by: William423, Sacramento

ANSWER: Christopher Jackson was one of five Sacramentans charged in September 2011 in a $26 million real estate fraud scheme.

The case remains in federal court in Sacramento, and online court records indicate that a trial is scheduled for February.

According to the federal grand jury indictment, the scheme took in 180 investors, many of whom pulled equity out of their houses to participate.

A now-defunct company called Diversified Management Consultants Inc, or DMC, allegedly lured investors with promises of large profits but used their cash instead to pay off earlier investors.

The indictment identified Michael Bolden, who ran DMC, as the mastermind. The firm allegedly operated as an "umbrella organization" for six investment clubs devoted to the region's real estate market.

Jackson reportedly ran an investment club.

Other co-defendants in the case are Victor Alvarado, Nicholo Arceo and Arceo's wife, Erica Arceo.

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Sacto 9-1-1 is a blog on crime and emergency services news in the Sacramento region.

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