According to the Palm Beach Post News, a resident of Boca Raton is suing an alleged real estate broker for running a Ponzi scheme that defrauded 83 investors of $1.8 million.
The fraudulent broker was arrested Wednesday and remained in jail Thursday after the Palm Beach County State Attorney’s Office charged her with aggravated white-collar crime; organized scheme to defraud greater than $50,000; 23 counts of grand theft over $20,000; three counts of grand theft over $100,000; 30 counts of grand theft; and money laundering.
Investors claim that the fraudulent broker was extraordinarily convincing, largely due to her heavy emphasis on Christianity.
Her daughter attests to her faith, stating that “[my mother] is someone who has never missed church on Sunday. This is a huge blow.”
According to authorities, the phony broker used hundreds of thousands of dollars to operate the Museum of Lifestyle & Fashion History—a store located in the Boynton Beach Mall.
If you or someone you know has been charged with fraud or money laundering, the Boca Raton criminal attorneys of Eric N. Klein & Associates, P.A. may be able to help.
