May 16, 2025 - 02:37
The co-owner of a local real estate investment company pleaded guilty on Thursday for his role in an $18 million fraud scheme, the U.S. Attorney’s Office for the District of Oregon announced. This case has drawn significant attention due to the scale of the fraud and its impact on investors and the real estate market in the region.
The defendant, whose identity has not been disclosed, was involved in a scheme that misled investors regarding the profitability and security of their investments. The fraudulent activities included false representations about property values and the use of funds, which ultimately led to substantial financial losses for numerous victims.
As part of the plea agreement, the co-owner acknowledged his involvement in the fraudulent practices and expressed remorse for the consequences faced by those affected. Sentencing is scheduled for a later date, and he faces a substantial prison term as well as restitution obligations. This case underscores the ongoing efforts by federal authorities to combat fraud in the real estate sector and protect investors from deceptive practices.
June 14, 2025 - 04:15
Topping Out Ceremony Marks Progress for Leiden Center II in BostonBOSTON– A significant milestone was reached as the topping out of Leiden Center II (LCII) was celebrated at Innovation Square. This state-of-the-art life science development spans an impressive...
June 13, 2025 - 09:45
Increased Real Estate Listings Amid Lower Rental YieldsIn recent months, five states have reported a notable surge in real estate listings as investors begin to offload their properties. This trend is largely attributed to declining rental yields,...
June 12, 2025 - 21:46
Santa Clara County Real Estate Market Sees Notable Sale on Burning Tree CourtA property located on Burning Tree Court in Santa Clara County has recently changed hands for an impressive $1,480,000. This 1,750-square-foot home, constructed in 1970, was officially sold on...
June 12, 2025 - 12:15
Positive Reception for Boardwalk Real Estate's Redevelopment ProposalREADING - In a move to enhance the local community, Boardwalk Real Estate owner James Jolly has proposed a significant redevelopment of his property at 346 Main St. The plan involves reducing the...