Three real estate investors pleaded guilty for their roles in a multi-year conspiracy to fraudulently obtain a $74 million loan and a $45 million loan and to fraudulently acquire multifamily properties. Fredrick Schulman, 72, of New York, and Chaim “Eli” Puretz, 29,...
The British Columbia Financial Services Authority (BCFSA) has disciplined a Vancouver real estate broker and her personal company for professional misconduct involving an investor client. According to BCFCA, between 2018 and 2020 Wendy Mills approached a former client...
The British Columbia Securities Commission (BCSC) announced it is returning $2.1 million to investors who were defrauded in a real estate investment scheme that drained $33 million from its victims. In 2016, the BCSC found sisters Siu Mui “Debbie” Wong and Siu Kon...
A former government official in Newark, New Jersey, admitted to his role in a bribery conspiracy where he rewarded local business owners with the acquisition and redevelopment of city-owned properties after receiving cash and gifts. Carmelo G. Garcia served as deputy...
The former president of an Illinois bank has acknowledged his involvement in a scheme to falsify bank records to enable real estate loans. Steven Cook pleaded guilty in U.S. District Court in Benton to three felony counts of aiding and abetting the making of a false...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
