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TexasTowelie

(111,288 posts)
Sat Nov 16, 2019, 04:39 AM Nov 2019

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

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San Diego real estate agent extradited from Latvia, charged in federal fraud scheme (Original Post) TexasTowelie Nov 2019 OP
How do you say Ponzi in Latvian? TeamPooka Nov 2019 #1
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