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NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors

NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors

by Phil Hall | Jul 11, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A New York City real estate developer has entered into a $272 million settlement with the Securities and Exchange Commission (SEC) over accusations that he defrauded Chinese EB-5 investors. The federal EB-5 federal program enables foreign investors to obtain a U.S....

Housing Voucher Scam Targets Michigan Residents

by Phil Hall | Jun 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Michigan residents are being targeted in a new scam involving fraudulent housing vouchers. There are currently no housing choice voucher waiting lists open in Michigan. However, CBS News reported the Michigan State Housing Development Authority (MSHDA) and the office...
Detroit Woman Pleads to Operating as an Unlicensed Real Estate Agent

Detroit Woman Pleads to Operating as an Unlicensed Real Estate Agent

by Phil Hall | Jun 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A Detroit woman who conducted business as an unlicensed real estate agent pled no contest to one felony and two misdemeanors. According to office of Michigan Attorney General Dana Nessel, Krystal Davis was operating Card Property Management LLC, when she entered into...
Unlicensed Indianapolis Real Estate Manager Sued for Duping Investors

Unlicensed Indianapolis Real Estate Manager Sued for Duping Investors

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An Indianapolis man practicing real estate without a license is being sued by Indiana Attorney General Todd Rokita for duping real estate investors. Rokita’s office has accused Herbert Whalen of engaging in the management of property for investors without a real...
Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud

Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud

by Phil Hall | May 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The granddaughter of Elvis Presley is seeking to halt a foreclosure auction of the legendary singer’s Graceland estate, claiming the sale is based on fraudulent paperwork. According to combined media sources, Danielle Riley Keough was granted a temporary restraining...
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