home flippers

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SEC accuses California men of running $2.18 million home flipping scam

Jan 26, 2018By

The Securities and Exchange Commission is charging two California men with running a home flipping scam that defrauded dozens of investors out of their retirement savings. According to the SEC, the men actually purchased some properties, and were successful in turning a profit by flipping those properties, but did not make enough money to cover the money they took for their own use.

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

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