Scammer Claims CEO Status, Steals 21 Properties - Protect Yourself

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Services for Real Estate Pros with R. Michael Brown LLC Digital Marketing & Public Relations

Someone filed paperwork with Fla.’s Division of Corporations, changed CEO status, took out loans and sold property. The owner found out after trying to pay taxes.

When Jim Glenn walked into the Sarasota County Tax Collector’s Office in mid-August, he expected to pay his business’ property taxes, just as he’d done many times before. But this time, he learned someone had already paid them.

“Huh, that’s weird,” he thought. “What type of idiot pays someone else’s taxes?”

Later that day, his puzzlement morphed into deep concern bordering on panic after a follow-up email from Sarasota County officials notified him that his company’s 21 properties had been sold in a bulk transfer. His lawyer found that someone he did not know had filed paperwork with Florida’s Division of Corporations, removing the officials at the decade-old business he and his mother owned, Glenco Properties Group Corp., and installing a new chief executive, he said.

Glenco Properties Group was a company formed in 2012 by Glenn and his 77-year-old mother, Beatrice Glenn, that owns all of their Sarasota properties.

Even worse, the new CEO – armed with newly filed paperwork – took out mortgages on the properties totaling $1.3 million, according to Sarasota County Clerk of the Courts records.

See My State MLS Tips on How to Protect Yourself.

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