Colorado Man Indicted In Alleged Real Estate Scam
An arrest warrant has been issued for Darin DeVoe, who was indicted by a grand jury in Weld County, Colorado last week on 11 counts of felony securities fraud and theft in connection with an alleged real estate investment scam.
According to media reports, the grand jury indictment states that DeVoe stole $2.6 million from 19 of his investors by inducing them to invest in the business of buying distressed homes. The investors claim that Devoe not only failed to provide property management services as he agreed to, "[b]ut robbed the home of the investors’ equity, leaving the homeowners with homes in disrepair and massive upside-down mortgages with no way out."
For more, see Law enforcement looking for former Ogallala resident, reported in the North Platte Telegarph.
For other stories on Darin DeVoe, see:
According to media reports, the grand jury indictment states that DeVoe stole $2.6 million from 19 of his investors by inducing them to invest in the business of buying distressed homes. The investors claim that Devoe not only failed to provide property management services as he agreed to, "[b]ut robbed the home of the investors’ equity, leaving the homeowners with homes in disrepair and massive upside-down mortgages with no way out."
For more, see Law enforcement looking for former Ogallala resident, reported in the North Platte Telegarph.
For other stories on Darin DeVoe, see:
- Investors vs. DeVoe (Greeley Tribune),
- Suspected Con-Artist Indicted On 11 Felony Counts (America's Most Wanted Fugitive File).
posted by Home Equity Theft Reporter at 12:01 AM
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