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FBI’s 2023 Internet Crime Complaint Center (IC3) report revealed there were 9,521 real estate-based fraud complaints in 2023, which resulted in over $145 million in losses. The fraudsters wisely ...
Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
A Lexington lawyer faces prison time for defrauding his clients of $2 million by concealing information about real estate properties he was encouraging them to invest in.
The Alternative Hotels Group plc renamed itself De Vere Group in 2010. [13] De Vere Group sold Greenall's Gin for £7 million in a private equity-backed management buyout in 2011. [14] Balfour-Lynn also stood down as chief executive in 2011. [15] In March 2014, private equity firm Starwood Capital Group acquired the business, by then known as ...
VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties. As of December 31, 2020, the company owned 3,831 properties with an aggregate of 89.7 million square feet. [1] The company was acquired by Realty Income in November 2021.
A dream home became a nightmare when Raegan Bartlo and her husband lost $255K to real estate wire fraud. Learn how this elaborate scam works — and how to spot the signs you're about to be their ...
Equity stripping or equity skimming is a variation on lease-buyback and is one of the most common types of foreclosure rescue schemes. [4] In it, the perpetrator assumes ownership of the house while allowing the former owner to continue living there, provided that s/he pay rent to the perpetrator, who is the new owner.
Real estate agent Sarah Stewart was shocked to find out that a scammer fraudulently listed her home on Airbnb in an effort to steal thousands of dollars. This doesn’t exactly put the “real ...