SCAM ALERT: Flipping [Real Estate] Frenzy Scam!!!

HAT TIP:  American Greed – CNBC

[SEE THEIR WEBSITE FOR FULL ARTICLE, ~ OR ~ CLICK HERE TO WATCH THE PROGRAM]


Case File:  Flipping Frenzy Scam

Accelerated Funding Group
Jeanetta Standefor runs Accelerated Funding Group. The company claims to use investors’ funds to save homeowners from foreclosure. But while clients think they’re helping people stay in their homes… Standefor is helping herself to millions!

The Con
Standefor convinces clients their cash is rescuing homeowners from foreclosure. She targets inexperienced investors and appeals to their sense of altruism. Her charisma lends credibility to her unrealistic claims. Her pitch sounds too good to be true… and it is.

Living the Good Life
Jeanetta Standefor is living the high life. She uses investor money to buy diamonds, tickets to the theatre and sporting events. She even uses the money to pay for her wedding and a plush honeymoon. But the lavish celebration hides a harsh reality. AFG is crumbling.

End Game
In 2007, the real estate market is tanking and so is AFG. Standefor has been running a scam and bilked hundreds of investors in three states. The Securities and Exchange Commission opens an investigation.

American Greed profiles an $18 million dollar ponzi scheme!

[SEE THEIR WEBSITE FOR FULL ARTICLE, ~ OR ~ CLICK HERE TO WATCH THE PROGRAM]

Jeanetta Standefor | The Con Man
Jeanetta Standefor
The Con Man
Ann Kim | SEC Attorney
Ann Kim
SEC Attorney
Poppi Crowder | The Victim
Poppi Crowder
The Victim

 

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