Tag Archives: fraud

Investors sue Realogy, allege fraud over agent commissions

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The Rosen Law Firm, which a month ago threatened a class action lawsuit, pulled the trigger Thursday, filing a federal suit in the US District Court of New Jersey. Continue reading →

SEC charges real estate developer with fraud in Ponzi-scheme

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The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan. Continue reading →

Modus wants to make earnest deposits as easy as Venmo-ing

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Modus hopes to bring that same ease of use to the process of paying earnest money. In an email, Modus co-founder and chief operating officer Jai Sim told Inman that users can connect Digital Earnest Money Deposit to their bank accounts, though it is no… Continue reading →

NY developer sentenced to 6 years in prison for fraud

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A New York-based real estate developer was sentenced to six years in prison on Thursday for running a years-long scheme to defraud investors of $58 million, the U.S. Attorney’s Office for the Southern District of New York announced.  Continue reading →