Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Monday, December 26, 2016
Still No Arrest For Sleazy Contractor Accused Of 3-Decade Career Of Running Home Repair Scams To Steal The Equity From Homes Of Elderly Chicago Homeowners
The Illinois Attorney General’s office says Mark Diamond has been running home repair contracting scams on elderly, African-American homeowners for more than 30 years. It sued and recently won a nearly 2.4 million dollar judgment against him.
But so far, it’s been a hollow victory.
No money has been recovered and because most of his victims had been tricked into taking out reverse mortgages, it set in motion a sequence of events that in many cases have led to people losing their homes.
As WGN's Tonya Francisco reports, his schemes have not only wiped out a significant amount of wealth in one community, they have also stolen many family legacies.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
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