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A Lexington lawyer faces prison time for defrauding his clients of $2 million by concealing information about real estate properties he was encouraging them to invest in. ... counts of wire fraud ...
Sadly, undoing the scam requires going to court. "The person who forged the deed is now the property owner," real estate attorney Arash Sadat explained to ABC7 Eyewitness News. "So, for you to get ...
At least one purchaser discovered the fraud and received the return of its investment, but approximately $100 million in known proceeds from the sale of the bogus notes is not accounted for. Dreier was offering fictitious promissory notes in the name of former client Solow Realty, a New York real estate development company.
Some real-estate scammers operate by transferring a home's deed away from its rightful owners. The owner of a $137.5 million LA mansion says they're a victim of deed fraud and can't sell it.
FBI’s 2023 Internet Crime Complaint Center (IC3) report revealed there were 9,521 real estate-based fraud complaints in 2023, which resulted in over $145 million in losses. The fraudsters wisely ...
A former Central Kentucky attorney has been sentenced to prison time after he defrauded clients for millions of dollars through a real estate scam.