The head of San Diego based Concord Management denies any knowledge or cooperation in an alleged real estate scam at Stonemark Homes in East Central Fresno. Concord Management has been publicly linked to at least 2 other properties owned by 58-year-old James McConville.
McConville is the subject of an investigation in San Diego and Kern Counties for allegedly "renting" identities to get loans to purchase properties. More than 150 homes connected to McConville have gone into foreclosure, many at complexes managed by Victor Goliac's company, Concord Management.
Goliac wouldn't agree to a recorded interview with KSEE 24 News, but when asked to explain the extent of his relationship with McConville's companies and Fresno's Stonemark Homes, he said, "We don't own the property. Stonemark Asset Portfolio owns the property, we just manage it for them."
People renting at Stonemark say they send their rent checks to Concord Management.
Goliac told us his company uses a portion of the rent money to pay for maintenance at the complex and sends the rest of it to the owner of the property, whom he says is James McConville and his company Stonemark Asset Portfolio.
But public records show neither Stonemark Asset Portfolio or McConville himself is listed on loan documents for any of the 106 units at Stonemark.
But, 22 people are named as the responsible parties, and at least 10 of them were also listed on loan papers for units at McConville's other properties, which are now being investigated as possible scams.
Despite paying rent, foreclosure notices have been popping up on many of the units at Stonemark, and the former local manager of the property, who worked for Concord Management told KSEE 24 News that when he started asking Goliac about the situation he first was lied to and then was told the truth about the multiple owners, but was told to keep that information from tenants.

Click on the link to see Carolyn Bruck's exclusive report.