SAN DIEGO (AP) — Four suspects face charges of bilking $2 million from 40 Southern California victims who were seeking loans to help pay off their mortgages.

The state attorney general's office said Tuesday that many of the victims lost their homes and life savings.

A San Diego County grand jury indicted Andrew Valles, Jemal Lilly, Mark Bellinger and Arnold Millman on charges of grand theft, filing false documents, conspiracy and identity theft.

They are charged with using a fake insurance company called SafeCare that promised low monthly home loans primarily to Latino and black families between 2012 and 2017.

Lilly and Bellinger pleaded not guilty, while Valles and Millman have not been arrested.

Bellinger's attorney, Greg Garrison, says it's too soon to comment. Lilly's attorney, Abram Genser, did not return calls and emails.