SAN DIEGO (CNS) – A former San Diego real estate agent was sentenced Monday to more than five years in prison for orchestrating a fraud scheme that bilked investors out of millions of dollars.
Alexander Avergoon, who was also ordered to pay nearly $10 million in restitution, pleaded guilty to federal charges in connection with what prosecutors described as a series of investment fraud schemes spanning nearly a decade.
Damian Halfkenny was charged with one count of wire fraud, which provides for a sentence of up to 20 years in prison, three years of supervised release and a fine of $250,000. Continue Reading Ex-Massachusetts State Police Sergeant Pleads Guilty to Loan Fraud Tied to Real Estate Business
California is the 16th state for the company’s operations since it first expanded outside of New York in 2023. Continue Reading Ryan Serhant Expands Luxury Brokerage Into California
The survey found 74% of respondents stating now is a good time to sell, while 83% of potential sellers expected to get their asking price or more this spring. Continue Reading Survey: Most Home Sellers Are Optimistic About a Profitable Spring
KB Home added it “will continue to maintain a significant presence in California through its six operating divisions.” Continue Reading KB Home to Move HQ from Los Angeles to Phoenix Metro Area
“Government applications, which include FHA, VA, and USDA/RHS loans, accounted for more than half of applications received,” said MBA’s Joe Kan. Continue Reading Mortgage Applications for New Home Purchases at 14-Year High
The team recorded over $160 million in closed sales volume in 2025. Continue Reading San Diego’s Jackson Arnett Group Joins Douglas Elliman Realty
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