Real Estate/Development
Apr. 26, 2012
Six charged in property flipping scheme
Federal prosecutors charged six people in connection with a multimillion-dollar real estate "flipping" scheme in which investors allegedly promised buyers title to homes but the properties lacked clear titles or were uninhabitable.
Daily Journal Staff Writer
Federal prosecutors charged six people in connection with a multimillion-dollar real estate "flipping" scheme in which the defendants allegedly promised buyers title to homes that could easily be resold but the properties actually lacked clear titles or were uninhabitable.
According to a Santa Ana-based grand jury's April 18 indictment, the defendants solicited dozens of in...
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