HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » California (Group) » San Diego real estate age...

Sat Nov 16, 2019, 03:39 AM

San Diego real estate agent extradited from Latvia, charged in federal fraud scheme

SAN DIEGO — A San Diego real estate agent who allegedly stole more than $12 million from investors in a long-running fraud scheme was extradited from Latvia to San Diego on Thursday and arraigned in federal court Friday on wire fraud, identity theft and money laundering charges.

Alexander Avergoon, 43, was arrested in Latvia in October following the unsealing of a federal indictment that accuses him of telling investors he would use their funds to buy properties in San Diego County, then pocketing the money for himself, according to the U.S. Attorney’s Office.

Prosecutors allege Avergoon arranged fake real estate purchases, telling victims he was partnering with them to purchase local apartment buildings and commercial office space. Though he never bought the buildings, Avergoon made regular monthly payments to the victims, which were supposedly rent payments from tenants at the nonexistent properties, the indictment alleges.

The alleged crimes date back to 2010, prosecutors said.

Read more: https://www.sandiegouniontribune.com/news/courts/story/2019-11-15/san-diego-real-estate-agent-extradited-from-latvia-charged-in-federal-fraud-scheme

1 replies, 830 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply San Diego real estate agent extradited from Latvia, charged in federal fraud scheme (Original post)
TexasTowelie Nov 2019 OP
TeamPooka Nov 2019 #1

Response to TexasTowelie (Original post)

Sat Nov 16, 2019, 05:01 PM

1. How do you say Ponzi in Latvian?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread