Property Managers Arrested for Fraud by FBI

Property Managers Arrested for FraudTwo business partners who owned a property management firm near Washington, D.C. have been arrested and charged with numerous counts of fraud.

Both men are accused of stealing more than $1 million dollars in funds from various homeowners, some of whom were working overseas and hired the company to manage their properties until they returned.

The charges include property management fraud, mortgage fraud, identity theft, bank fraud and tax fraud.

Watch this video for more details.

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About reibrain

Hey, my name is Trevor and I'm the founder of The REI Brain and a real estate investor since the age of 21. Right now, my focus in real estate investing is multi-family income properties and I have plans on moving more into the commercial real estate investment world in 2008 and beyond.

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