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Judge Declares Washington State Real Estate Investment Firm Ran a Ponzi Scheme

Judge Declares Washington State Real Estate Investment Firm Ran a Ponzi Scheme

by Phil Hall | Oct 21, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A federal judge ruled that the Bellevue, Washington-based real estate investment firm iCap defrauded hundreds of real estate investors through a Ponzi scheme. The Seattle Times reported Chief Judge Whitman Holt made the finding about iCap in bankruptcy court...
Hits and Misses for the Real Estate Week of Oct. 14-18

Hits and Misses for the Real Estate Week of Oct. 14-18

by Phil Hall | Oct 18, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Selling homes with dinosaurs, climate change’s impact on football stadiums and the real estate developer friend from hell. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 14-18. Hit: Jurassic Property. Kudos to...
Former NFL Player Charged with Embezzlement on Real Estate Projects

Former NFL Player Charged with Embezzlement on Real Estate Projects

by Phil Hall | Oct 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A former NFL player who became a real estate developer was indicted by a federal grand jury for embezzling loan proceeds intended for the development and construction of two commercial real estate projects. According to the indictment, Christopher A. Harrison,...
Long Island Real Estate Attorney Pleads Guilty to Larceny Charges

Long Island Real Estate Attorney Pleads Guilty to Larceny Charges

by Phil Hall | Oct 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A Long Island real estate attorney pleaded guilty to grand larceny charges for stealing more than $5 million in connection with 46 separate real estate transactions between September 2020 and January 2024. Daniel Boldi of Garden City, New York, entered guilty pleas to...
Houston Man Sentenced for Conning Friend in Real Estate Fraud Scheme

Houston Man Sentenced for Conning Friend in Real Estate Fraud Scheme

by Phil Hall | Oct 14, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Houston resident who cheated a friend in a phony real estate development deal has been sentenced for wire fraud. Walter Salek pleaded guilty April 5 to his involvement in a scheme to obtain more than $1 million and falsely informing an investor the funds would be...
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