Real Estate Fraud Scheme Targets Elderly in LA
Venice Beach News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Federal authorities arrest eleven for real estate fraud scheme targeting elderly homeowners in Los Angeles, pocketing six million dollars. Operation spanned January 2021 to May 2023, with plans for seventeen million dollars in total losses. Defendants forged IDs, bank statements, and death certificates, creating synthetic identities and opening bank accounts for stolen cash. Prosecutors charge with conspiracy to commit wire fraud, identity theft, and money laundering, facing up to twenty years per fraud charge and mandatory two years for identity theft. Case highlights scammers lengths and agencies efforts to protect communities.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/2074e71dd6b1e9f0