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Real Estate/Development

Apr. 26, 2012

Six charged in property flipping scheme

Federal prosecutors charged six people in connection with a multimillion-dollar real estate "flipping" scheme in which investors allegedly promised buyers title to homes but the properties lacked clear titles or were uninhabitable.


By Jason W. Armstrong


Daily Journal Staff Writer


Federal prosecutors charged six people in connection with a multimillion-dollar real estate "flipping" scheme in which the defendants allegedly promised buyers title to homes that could easily be resold but the properties actually lacked clear titles or were uninhabitable.


According to a Santa Ana-based grand jury's April 18 indictment, the defendants solicited dozens of in...

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