When celebrities, even minor washed-up ones, are involved in scams it reveals the power they have over others – especially in product endorsements and cheap publicity. According to a recent article on HousingWire the former bass player for the band The Ataris (known for their cover of Don Henley’s “The Boys of Summer”) spearheaded a massive real estate scam that defrauded more than 100k people across the country out of more than $25 million. According to the report, he pleaded guilty to a charge of conspiracy to commit mail & wire fraud. He also admmitted to owning and operating a California-based telemarketing business that supposedly offered prospective renters and homebuyers access to homes for sale or rent. All they needed get access to the homes was pay a $199 fee to his fraudulent company.
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
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