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Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes

Four Real Investors Sentenced for Multimillion-Dollar Loan Fraud Schemes

by Phil Hall | Apr 2, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Four real estate investors were sentenced for coordinating a multi-year conspiracy that fraudulently obtained multimillion-dollar loans on commercial and multifamily properties. Aron Puretz and his son, Chaim “Eli” Puretz, both of New Jersey, were sentenced to prison...
Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme

Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

A New Jersey real estate investor was sentenced to five years in prison and ordered to pay $22 million in restitution for his role in a $54.7 million multi-year mortgage fraud scheme. Aron Puretz was an employee of Apex Equity Group, a real estate investment and...
Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme

Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams

by Phil Hall | Jun 18, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate Investing, Real Estate News, WRE News Exclusive

A New Jersey-based real estate investor pleaded guilty for his role in a multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to fraudulently acquire multifamily and commercial properties. Aron Puretz was an employee of Apex Equity Group, a...

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