California man admits to running $24 million real estate Ponzi scheme
A California man admitted in court this week that he ran a massive real estate Ponzi scheme and defrauded investors out of $24 million by falsely promising that he planned to use their money to purchase residential properties and either manage the properties for rental income or flip the properties and resell them for a profit. 13 March 2018, 08:01
Source: Real Estate
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