Former Rock-n-Roller Masterminds Multimillion-Dollar Real Estate Scam

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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.

Click here to read the full story on HousingWire.

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Director of Education & Outreach, National Real Estate Investors Association