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

In Chicago, Illinois, WGN-TV Channel 9 reports:
  • We often warn you about scams and the potential they have to destroy your life. [Now], a follow up to a home repair scam we first told about last year.

    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.