A Chicago man arrested in 2017 for running a reverse mortgage scam was arrested after authorities discovered he was still scamming seniors. WGNTV.com reported Mark Diamond was arrested six years ago for orchestrating a reverse mortgage scam that allegedly stole $10...
The U.S. Securities and Exchange Commission (SEC) charged Matthew Motil, host of the podcast “The Cash Flow King,” with fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes purportedly backed by residential...
A Miami real estate agent was sentenced to three-and-a-half years in prison for fraudulently obtaining Covid-19 relief loans and grants under the Paycheck Protection Program (PPP) and the Economic Injury Disaster Relief Program. Daniela Rendon was accused of...
UBS AG (NYSE:UBS) and several of its U.S.-based affiliates agreed to a $1.4 billion settlement to resolve a civil action filed in November 2018 related to the Swiss-headquartered bank’s underwriting and issuance of residential mortgage-backed securities (RMBS) issued...
The U.S. Federal Trade Commission (FTC) and the Utah Division of Consumer Protection (DCP) announced a settlement with the principals of a Utah-based real estate investment training company that involves a $15 million penalty and a permanent ban from being involved in...
Gencom, White Bridge Capital Acquire 652-Room InterContinental Miami
