A lawsuit brought by the Federal Trade Commission (FTC) has shut down Ganadores Online and Ganadores Inversiones Bienes Raíces, a scam targeting Spanish-speaking consumers with fraudulent money-making pitches for online businesses and real estate investments. The FTC...
The U.S. Federal Trade Commission (FTC) is disbursing more than $1.2 million in refunds to borrowers who lost money to Consumer Defense, a fraudulent mortgage modification scheme. The FTC is sending payments to 6,261 consumers who will each receive $201.34. The agency...
New York Attorney General Letitia James is seeking a lifetime ban on former President Donald Trump from the real estate industry in the state, along with a $370 million fine against Trump and his companies. According to combined media reports, James is also seeking...
The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Justice (DOJ) have filed a lawsuit against the Texas-based developer and lender Colony Ridge, accusing the company of operating an illegal land sales scheme targeting tens of thousands of...
Michael V. Shustek, CEO of Las Vegas-based Vestin Mortgage LLC, has announced the resolution of a civil case brought against him and his company by the U.S. Securities and Exchange Commission (SEC) in 2021. The SEC accused Shustek and Vestin Mortgage of defrauding...
Federal Realty Raises 2026 Outlook After 14% Retail Rent Gains and $508 Mil…
