Tuesday, July 10, 2007

Former Adjunct Prof Gets Six Years

A DOJ Press Release  issued by the United States Attorney of the Central District of California reports that "[a]n Orange County man who ran a real estate investment scam that lured victims with bogus claims of large returns on investments in commercial real estate developments was sentenced today to six years in federal prison."  The Press Release notes that this individual was "a former adjunct professor of real estate finance at the University of Southern California, [who] admitted that he ran two schemes involving purported real estate development projects in Chicago and Las Vegas."

Press Release - Download usc_real_estate_scam_sent_090_2.pdf

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2007/07/a-doj-press-rel.html

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