Real Estate Fraud in Miami FL, Stay Aware!
Over the last few years, South Florida cities like Miami have been a breeding ground for real estate fraud. In late 2019, research conducted by property data company Core Logic established that South Florida was the nation’s capital, in real estate fraud. Not only are your local everyday families getting scammed, but the exposition of huge Ponzi schemes has certainly revealed how frightening and dangerous the situation is. In October 2019, Robert H Shapiro the former CEO of a South Florida real estate company; the Woodbridge Group, was sentenced to 20 years imprisonment for wire and mail fraud by the Miami Federal court. Shapiro was the sole perpetrator of 1.3-billion-dollar real estate fraud, targeting the elderly and retirees.