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Beverly Hills developer ordered to pay $7.5 million for bilking investors in home flipping scheme HW+

Aug 17, 2017By

Jay Belson, a Beverly Hills broker and developer who specializes in luxury real estate, will pay more than $7.5 million in a settlement with the Securities and Exchange Commission, which accused Belson of defrauding investors in a series of house flips in Southern California.

3d rendering of a row of luxury townhouses along a street

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