Commercial Property Herald: Real Estate Fraudster of the Day!!! A Report on another Scam Artist

Commercial Property Herald is written for the benefit of anyone in the commercial real estate, landlord tenant business. This includes property managers, lenders, owners, tenants. Subjects may include evictions, collections, foreclosure, management issues and bankruptcy matters relating thereto. It will contain helpful legal & business information as well as updates on the world of commercial real estate. The information contained in this Blog is for information purposes only and does not contain or constitute legal advice. You should not act or refrain from acting based upon any information posted on this Blog without first seeking the appropriate professional or legal advice

August 04, 2011

Real Estate Fraudster of the Day!!! A Report on another Scam Artist

The NBC Bay Area Blog reports that another scam artist has pled guilty to bilking investors. As the prosecutor stated, this is not an issue caused by dropping real estate values, the defendant,Gary Lynn Mountain was aware that the building that he was getting investors for, was beyond repair and, just so happens, he forgot to tell the investors that the buildng was slated to be demolished. Guess where the money went? Costa Rica, where he was arrested, and its all gone according to Mountain. He is 61 years old. What was he thinking?

Aug 4, 2011 6:00:00 AM | Current Events

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