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Criminal

Nov. 11, 2009

Realtor's Case Ends in Misdemeanor

A Beverly Hills realtor, who beat back numerous charges at trial alleging he was part of a $40 million mortgage fraud, struck a deal that calls for no prison time.

By Ciaran McEvoy

Daily Journal Staff Writer

LOS ANGELES - A top Beverly Hills realtor, who successfully beat back numerous charges at trial alleging he was part of a $40 million mortgage fraud, pleaded guilty Tuesday to a misdemeanor as part of a plea deal where he will serve no prison time.

Joseph Aram Babajian, 56, whose clients have included Barbra Streisand, Warren Beatty, Janet Jackson and other showbiz elite, pleaded guil...

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