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Real estate investor indicted in $1.1M alleged fraud scheme

submitted by ymihere to whatever 2.5 yearsOct 28, 2022 21:21:14 ago (+0/-0)     (www.detroitnews.com)

https://www.detroitnews.com/story/news/local/michigan/2022/10/28/real-estate-investor-indicted-in-1-1m-alleged-fraud-scheme/69598185007/

In August, he was charged in a criminal complaint in which he allegedly defrauded Israeli investors of more than $600,000 in fraudulent real estate investments, according to the release.


1 comments block

That's like one half of one house in Los angeles. It's my guess that these Israeli investors were very happy investing in real estate until the end of last year when this guy probably got him to buy one more house and now all house values are falling and they want to sue to get their losses back. Probably no fraud was involved at all it's just the typical Jewish trick to get their losses back through a lawsuit when they lose money. That's my guess. It's a tiny amount of money for a real estate investor.