A co-owner of a real estate firm based in Irvine and Long Beach set up a Ponzi scheme to pay off old investors while continuing to recruit new ones for a plan to flip distressed apartment buildings. It’s almost like they looked at the Social Security business plan. …read more
The $96M house-flipping Ponzi scheme?
By Real Estate|2015-08-03T15:29:26-04:00August 3rd, 2015|Real Estate|Comments Off on The $96M house-flipping Ponzi scheme?