Norada Capital Founder Charged with $62.5M Investor Fraud
Real Estate News: Real Estate Investing Podcast · Kathy Fettke/ Real Wealth
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Show Notes
A well-known Southern California real estate operator is facing federal charges. Marco Giovanni Santarelli, founder of Norada Capital Management, has been indicted for allegedly defrauding more than 500 investors out of $62.5 million through a Ponzi-style scheme. In this episode, Kathy Fettke explains what happened, how unsecured promissory notes can put investors at serious risk, and what you can do to protect yourself.
You'll learn the difference between secured real estate investments and unsecured notes, why unrealistic double-digit monthly returns are a red flag, and three steps every investor should take to safeguard their capital.
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