December 6, 2024 - 03:10
James Macchio, a 46-year-old real estate agent from Glastonbury, Connecticut, has been sentenced to three and a half years in federal prison for his involvement in a fraudulent short sale scheme that defrauded clients. In addition to his prison term, Macchio has been ordered to forfeit $621,579, a sum that represents the profits gained from his illegal activities. Furthermore, he is required to pay restitution amounting to at least $2,567,154 to the victims affected by his actions.
The scheme involved misleading clients and manipulating short sale transactions, ultimately causing significant financial harm to those who trusted him. This case highlights the serious consequences of fraudulent practices in the real estate industry, as well as the legal system's commitment to holding individuals accountable for such crimes. Macchio's sentencing serves as a cautionary tale for both real estate professionals and consumers about the importance of transparency and integrity in real estate dealings.
July 30, 2025 - 09:45
Real Estate Transactions in Lucas County: July 18-24, 2025In the week spanning July 18 to July 24, 2025, several notable real estate transactions took place in Lucas County, highlighting the ongoing activity in the local property market. One significant...
July 29, 2025 - 22:02
Record-Breaking Sale: Dr. Nicole Martin's Waterfront Mansion Sold for $40 MillionIn a stunning real estate transaction, Dr. Nicole Martin`s luxurious waterfront mansion in Coral Gables has been sold for an astounding $40 million. This sale marks a new record for the area,...
July 29, 2025 - 02:07
Positive Changes on the Horizon for Real Estate AppraisersIn a significant shift for the real estate appraisal industry, professionals who have long faced challenges and abuse are beginning to see a glimmer of hope for improvement. The landscape for...
July 28, 2025 - 08:18
Groundbreaking Ceremony for New 312-Unit Residential Development in Lexington, MALEXINGTON, Mass.— A significant milestone has been reached as construction has officially commenced on a new residential project featuring 312 mixed-income units at 17 Hartwell Avenue. This...