Fraud
The business office manager of an East Dallas senior living community is on unpaid leave after being accused of bilking residents out of more than $67,800. It doesn’t appear that the woman has been fired yet, pending the results of a police investigation and forensic audit, but she’s referred to as a “former employee” in…
If it sounds too good to be true, it probably is. Every week there’s a new horror story of someone saying they were lured by a promising home sale, but the seller wasn’t available for a phone call or to meet on-site. “Just wire the money” ought to be a huge red flag, but in…
Picture this – you are a real estate agent and one day receive a call out of the blue from a seller you have never met, asking you to sell a piece of property they own. It’s great news, all of your hard work marketing yourself has paid off or your reputation has grown where…
A Frisco developer who bilked more than 300 people out of millions of dollars in a real estate investment scheme was sentenced this week to 45 years in state prison. Christian Custom Homes CEO Phillip Michael Carter also was ordered to pay $30 million in restitution. Carter also served as the principal of Texas Cash…
An increasing number of problems with cashier’s checks have some title companies revising their requirements for cashier’s checks and the delivery of funds needed to close a sale. Many title companies may now require buyers to wire money to them if the amount is substantial. Some have set the limit for cashier’s check at $5,000,…
