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Kick Back Investor Gets 14 Years for Real Estate Scams

By George Sheldon

Services for Real Estate Pros with George Sheldon Photographer

October 30, 2007 05:42 AM

From the Lancaster Newspaper:

PHILADELPHIA - Mickey Allen Weicksel, a former Lancaster real estate investor who obtained about $4 million in kickbacks through a real estate scam, was sentenced Tuesday to 14 years in prison.

Federal District Judge Barclay Surrick in Philadelphia also sentenced Weicksel, 40, to serve five years probation after his release from prison and ordered him to pay $750,324 in restitution.

Weicksel was convicted in March 2006 of 14 counts of wire fraud, three counts of bank fraud and one count of conspiracy to commit money laundering.

The complete story is here: http://local.lancasteronline.com/4/211324

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Bruce Miller

Friendly Appraisals - Acworth, GA

I hope Mickey gets a few "kickbacks" while in Prison!

Oct 30, 2007 05:55 AM

Fred Pickard

Fred Pickard Innovations Realty Inc - Hershey, PA

Hershey, PA

George, This might just be the tip of the iceberg here in Central PA. Lancaster County prices got so high a couple of years back that the many of the legit investor-flippers moved into Lebanon and York City. It'll be interesting.

Oct 30, 2007 05:59 AM

Fran Gaspari

Patriot Land Transfer, Inc. - Limerick, PA

"The Title Man" - Title Insurance - PA & NJ

George,

Very informative. Thanks for passing this along. Thanks, Fran

Oct 30, 2007 06:04 AM

Larry Wright

nwRealty.Com - Tacoma, WA

Thanks for sharing George. Glad this high profile case received a worthy sentencing. But there will always be expoitive opportunist out there.

Oct 30, 2007 06:11 AM