Federal prosecutors said a west suburban real estate broker orchestrated a $23 million Ponzi scheme, pocketing more than $3 million in investor money for expensive jewelry and exotic vacations. Michelle Labra of Yorktown was indicted on three counts of wire fraud and one count of making a false statements to authorities in connection with the scheme, the U.S. Attorney’s office in Chicago said Friday. Prosecutors said Labra owned and operated Labra Group Realtors in Aurora. […]
source https://therealdeal.com/chicago/2018/12/21/aurora-resi-broker-orchestrated-23m-ponzi-scheme-through-mortgage-scam-feds/#new_tab
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