Victim Sweet Talked Out Of Home Equity
An Ohio man was recently arrested and charged by Hamilton County, Ohio authorities with five counts of theft for allegedly using an Internet dating web site to find women he would befriend, sweet-talk, and then steal over $100,000 from them, according to an article in the The Enquirer, at Cincinnati.com.
One unemployed victim was allegedly conned out of the entire $80,000 of her home equity and, further, under the apparent belief that she was participating in legitimate real estate investment activity, was left owning three houses with total monthly house payments of about $10,000.
Reportedly, the FBI was in attendance at a recent court hearing but wouldn't say why. An Ohio county prosecutor familiar with the case suspects possible mortgage fraud (possibly a straw buyer scam?). To read more, see Con man generous, deceitful (Baker used dating Web site to find prey).
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One unemployed victim was allegedly conned out of the entire $80,000 of her home equity and, further, under the apparent belief that she was participating in legitimate real estate investment activity, was left owning three houses with total monthly house payments of about $10,000.
Reportedly, the FBI was in attendance at a recent court hearing but wouldn't say why. An Ohio county prosecutor familiar with the case suspects possible mortgage fraud (possibly a straw buyer scam?). To read more, see Con man generous, deceitful (Baker used dating Web site to find prey).
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posted by Home Equity Theft Reporter at 8:10 AM
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