Scams|Scam Alert, Fraud Alert, Counterfeit » Real Estate Scam

U.K.: Hundreds of Investors Caught up in Land Scam Deal for the World Cup

admin — Sun, 29 Jun 2014 23:10:52 +0000

money.aol.co.uk reported hundreds of UK investors are nursing huge loses after being ripped off by a scam that promised to make money from the World Cup. The idea was that people would invest in plots of land that would be snapped up by developers in the building frenzy around the World Cup and the 2016 Olympics. The reality has seen some of them lose their life savings.
Now they have hired a lawyer to chase the cash, but it’s hard to see how they will ever trace this money. Read Article

Bakersfield, California: Couple fall victim to an apartment rental scam

moe — Mon, 01 Apr 2013 08:21:05 +0000

As reported by Individual.com a couple had rented and just moved into a house in southwest Bakersfield when they received an unexpected and disturbing visit in mid-March. Upon returning home from dinner out, they found a naked couple in their bed, said property owner Heidi Meyer. Shocked, they asked the strangers in bed what they were doing in their home. Read Article

London: landlord sentenced after pleading guilty to online listing scam

moe — Fri, 22 Mar 2013 21:30:43 +0000

As reported by Telegraph.co.uk, Fazool Gajraj, 42, took thousands in deposits from students and other house hunters for properties he did not own. One victim even moved into her new home, only for the real landlords to come round the next day and tell her to move out. Read Article

Southwark, England: 4 fraudsters jailed for up to 7 years over land scam

moe — Fri, 15 Mar 2013 20:16:06 +0000

According to Thesundaytimes.com.uk, hundreds of investors were cheated out of millions of pounds in the biggest land banking scam to have ever come to court. Read Article

Los Banos, California: 2 arrested for running receipt scam from van

moe — Fri, 15 Mar 2013 19:35:20 +0000

As reported by Losbanosenterprise.com, two men arrested on stolen property charges last week were believed to be running a receipt scam, police said. Read Article

Tel Aviv police: former Maccabi coach, victim of real estate scam

moe — Fri, 08 Feb 2013 23:46:18 +0000

According to Jpost.com former Maccabi Tel Aviv coach Pini Gershon is one of several people who fell prey to a con man who bilked unsuspecting buyers out of hundreds of thousands of shekels on bogus real estate deals, Tel Aviv police confirmed on Thursday. Read Article

Houston Texas: Rental scam aimed at homeowners

admin — Fri, 29 Jun 2012 06:15:25 +0000

A warning from a local couple trying to sell their home: Someone pretending to be the homeowner has been posting ads online claiming their home is for rent. “It’s scary to know that someone out there is using my husband’s identity to steal money from unsuspecting victims,” said Caroline Long. The Longs hired a Realtor and put their southwest Houston home up for sale about seven months ago. The couple’s Realtor was recently flooded with phone calls from people who wanted to rent the home. Read Article

Former director of National Highway Association in trial for real estate scam

alin — Sun, 29 Apr 2012 22:32:23 +0000

The National Directorate of Anticorruption prosecutors sent Dorin Gavril Debucean and his associate Natalia Alina Istrate to trial for illegally selling a government land and other structures. The trial will be held by the Oradea Court of Appeals, the defendants facing conflict of interest and forgery charges. Read Article

California, Flopping Real-estate scam that’s devastating prices

admin — Sun, 12 Jun 2011 07:48:25 +0000

Question: My neighbor in Palm Springs, Calif., who claims to have millions or more in the bank, let his home with a $1 million mortgage go into foreclosure. A real-estate friend of his bought it from the bank and is renting it back to him. After one year, my neighbor plans to buy it back. It affects me as a homeowner because now we have a home in our community that shows a sale price for $600,000, instead of the current market of $725,000. How do I report such activities? Read Article