real estate scams: Scams, Losses and other Life Challenges
- 05/17/11 06:32 PM
This week, I've talked to several very knowledgeable, very savvy business women who were mortified at the scams, losses and other life challenges that they are faced with.
One friend put a considerable amount of money into a pool of investors to buy property; was promised a great return. The week, after an FBI investigation, the Realtor/Investor plead guilty to fraud. Her life savings are down the drain.
Another friend put $100k into an oil and gas venture and another $100k into real estate. Both went bust. She's in bankruptcy court now.