On March 1, a week after FINRA formally barred Becerril, Santa Monica police finally arrested him in Sasha Merman's murder case. They refuse to discuss the case against Becerril, but as L.A. Weekly reported in its May 11 cover story, "Murder on Montana," homicide detectives conducted the investigation at a glacial pace, while Becerril remained free, able to allegedly defraud unsuspecting clients for four years.
Several AP Financial clients who recently tried to alert the Santa Monica Police Department that they had been defrauded by Becerril were told by the police to call somebody else — if they heard back at all, they tell the Weekly. Debbie Search called the cops and also was told to go elsewhere.
PHOTO BY SIMONE PAZ
Debbie Search's $175,000 vanished.
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One Lakewood man, who has not yet admitted to his wife that $20,000 he invested against her wishes may be gone, says he has left two voice mails for the lead Santa Monica detective in Merman's murder and fraud case. The calls went unreturned.
Becerril's assets — 12 bank accounts, a stately house in Huntington Beach, two Cadillac Escalades (one black, one white) and a silver S-Class Mercedes-Benz — have been frozen by DA Steven Cooley's office.
Search, who lost $175,000, is prepared for a long fight against Becerril and AP Financial. "I know it's going to take a long time, but I have 15 more years to retire, and if it takes me 15 years, so be it," she says. "I'm gonna make their life miserable."
Even if they don't get their money back, some of his clients are counting themselves lucky that they survived investing with Becerril at all.
Rose Cordova recalls how she had to pester repeatedly Becerril to hand over the routine paperwork showing where her investment was held.
She says, "Now I think, 'Jesus, I bugged him so much, I'm surprised he didn't come murder me!' "