Items Tagged with 'Fraud'

ARTICLES

Zillow: We use the best fraud prevention system available

Who do you believe?
After some real estate agents complained about receiving phishing emails instead of leads from Zillow, the company responded by saying not only does it do everything it can to prevent these scam emails from going through, but it has one of the best filters in the industry. Zillow argues that scammers are only an occasional occurrence.
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Attention Realtors: You may be victim of massive nationwide advertising scam

Louisiana man accused of defrauding hundreds of real estate agents
Realtors and real estate agents all across the country may be victims of a massive advertising scam that promised local ad placement but instead resulted in the theft of $2 million. A Louisiana man induced Realtors and real estate agents to pay thousands of dollars for advertising on major television networks, but instead of providing the services he promised, the man allegedly used the money for New Orleans Saints season tickets, among other things.
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Co-Owner of mortgage company sent to prison

Fraudulent activity caused millions in losses
Lester Soto pled guilty to a large-scale mortgage fraud scheme. Today, the judge has announced his sentencing, and he is not the only one going to prison. Soto used help from loan officers and even attorneys in his scheme.
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SEC claims brothers targeted elderly with real estate Ponzi scheme

This could be the phoniest scam ever
A pair of brothers promised "guaranteed monthly income" to senior citizens in exchange for investing in real estate, but instead of providing the approximately 30 "elderly and unsophisticated" investors with returns on their investments, Matthew and Daniel Rivera pocketed the investors’ money and used some it to pay back other investors. This is how the SEC claims it went down.
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