Thursday, March 1, 2012

Trio Pinched In Alleged R/E Fraud; Racket Purportedly Peddling Deals In F'closed, Tax-Distressed Properties Used To Pocket Cash From Duped Investors

In Miami, Florida, Miami New Times reports:

  • It was an Only-In-Miami scam first reported by New Times. Three women promised local and out-of-state investors luxurious homes in foreclosure at super awesome discounted prices by claiming they had inside sources at the Miami-Dade County Clerk's Office that could get them the properties before going to auction.

  • They also claimed they could secure tax certificates for homes with delinquent property taxes. Ayda Young, Yohany Garcia, and Zoraida Abreu collected $2.4 million from at least 10 victims.

  • But in reality, the women never had any rights to the homes and just stole the money, according to an multi-count indictment announced by the Miami-Dade State Attorney's Office [...].

  • The trio, and a fourth accomplice, Johnny Bou-Nassar, have been criminally charged with racketeering, grand theft, forgery, and criminal use of personal information.

For more, see Ayda Young and Cronies Go Down For Pulling a $2.4M Foreclosure Scam.

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