The Securities and Exchange Commission (SEC) has filed charges against RAD Diversified REIT Inc. (RADD), a Tampa-based real estate investment trust, and its founders Brandon “Dutch” Mendenhall and Amy Vaughn, accusing them of raising at least $152 million from more...
A prominent film producer and financier has been arrested and indicted for allegedly defrauding clients of more than $100 million by soliciting them to invest in purported entertainment projects, only to redirect the money to fund unrelated real estate developments....
A retired sergeant for the Massachusetts State Police was sentenced for fraudulently obtaining a Paycheck Protection Program (PPP) loan for his real estate business. Damian Halfkenny was sentenced to one year of probation and ordered to pay a fine of $5,000,...
The New Hampshire Bureau of Securities Regulation filed a staff petition for relief against a contractor who is accused selling interests in a company and a North Carolina investment property that authorities say did not exist. According to combined media reports, the...
The Department of Housing and Urban Development (HUD) has suspended funding for the Virgin Islands Housing Finance Authority (VIHFA), claiming the agency mismanaged billions of dollars in federal aid. In a statement, HUD said VIHFA received $1.9 billion in HUD...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
