Real estate agent admits running massive Ponzi scheme


By tvgnus   Follow   Mon, 15 Oct 2012, 9:05pm   406 views   3 comments
Watch (1)   Share   Quote   Permalink   Like   Dislike  

http://www.centralvalleybusinesstimes.com/stories/001/?ID=22094

Cops a plea to wire fraud •  Bilked investors looking for big returns A San Fernando Valley real estate agent and self-described real estate investor has agreed to plead guilty to running a multi-million-dollar Ponzi scheme out of companies based in the Santa Clarita Valley, according to the FBI.

Viewing Comments 1-3 of 3     Last »     See most liked comments

  1. lostand confused


    Follow
    Befriend (9)
    521 threads
    3,121 comments

    1   9:18pm Mon 15 Oct 2012   Share   Quote   Permalink   Like   Dislike  

    I wonder how many will come out of the Phoenix area.

  2. curious2


    Follow
    Befriend (4)
    116 threads
    4,363 comments

    2   9:55pm Mon 15 Oct 2012   Share   Quote   Permalink   Like   Dislike  

    Isn't this the same as what Bubbles Ben is doing with "Operation Twist" and the Fed printing press? Inducing people to overpay for houses, which will then be magically recouped by more people overpaying even more for those same houses, while actually he gives the $ to the crony capitalists and lemon socialists at the biggest banks?

  3. Oxygen


    Follow
    Befriend
    15 threads
    225 comments
    Brooklyn, NY

    3   4:38am Tue 16 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike  

    "The plea agreement details how one investor lost $500,000 after Gallardo pressured him to invest quickly with claims that her investment program consisted of buying unfinished condominiums for pennies on the dollar in Florida and Tennessee. This victim borrowed money against his home in order to invest with Ms. Gallardo."

    lol

tvgnus is moderator of this thread.

Email

Username

Watch comments by email
Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 35 milliseconds to create.