Earlier this week, it was announced that a longtime San Diego real estate agent and businessman had been sentenced to prison for defrauding investors in several Ponzi real estate investment schemes. Alexander Avergoon was sentenced to 64 months in prison. As a condition of his guilty plea, Avergoon admitted to taking part in numerous fraud… Continue reading San Diego Real Estate Agent Gets 64 Months In Prison For Multi-Million-Dollar Ponzi Schemes
Tag: real estate
Armando Montelongo Seminars – Deceptive Houseflipping Workshop
Armando Montelongo, a Hispanic real estate entrepreneur, is most notable for his role in A&E’s “Flip This House.” Since 2001, Montelongo’s small real estate business has grown into a multi-million dollar empire. In 2008, the former reality show star went from investing in real estate to offering paid house-flipping seminars. While the three-day seminars are… Continue reading Armando Montelongo Seminars – Deceptive Houseflipping Workshop