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, January 30, 2017
Tampa Bay-Area Man Faces Organized Scheme To Defraud Charge For Allegedly Using Craigslist To Illegally Peddle Vacant, Bank-Owned Foreclosed Homes For Rent, Sale; Cops: Suspect Collected Nearly $50K In Downpayments, Deposits On Eight Homes, Then Left Victims Holding The Bag
In Clearwater, Florida, The Associated Press reports:
Florida authorities said a man was arrested in Michigan for allegedly perpetrating a real estate scheme that defrauded victims of nearly $50,000.
In a statement [last] Monday, Florida Department of Law Enforcement spokeswoman Angela Starke said Kervin Moreno was arrested Friday [January 20] in Wayne County, Mich.
Starke said Moreno will face a charge in Pasco County of organized scheme to defraud. Moreno allegedly posted ads online for homes for sale or rent from April 2012 through June 2014. Authorities say Moreno had no authority to sell or rent the properties.
According to FDLE, Moreno collected down payments or deposits on eight homes throughout the Tampa Bay area. The victims only became aware of the scheme after receiving foreclosure notices or visits from lender representatives.
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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