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Old 11-17-2009, 07:48 AM
 
250 posts, read 1,379,627 times
Reputation: 148

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A Federal Judge yesterday sentenced Joy Jackson (you know, the stripper turned foreclosure "rescue" scam artist? (http://www.teambenya.com/charles_county_real_estat/2007/10/metropolitan-mo.html - broken link)) to 12 years in prison for scamming more than 117 people into signing over the deeds to their homes.

In addition to the prison term, she's ordered to pay more than $16 million in restitution (good luck recovering that, she spent it on her mega bucks wedding! (http://www.teambenya.com/charles_county_real_estat/2007/12/metropolitan-mo.html - broken link)), and the judge described her as a "vulture".
Her accomplice, Jennifer McCall also had a hearing later in the day where she fired all of her lawyers, and when the prosecution recommended keeping her jailed pending sentencing, a relative of hers jumped into the well of the courtroom and punched the prosecutor in the face! Quite the well mannered group I'd say!


It's a relief to see these people going to jail, but it's a cold comfort for the people that believed their lies and lost their homes. The scam is the perfect example of the greed that the housing bubble created. I hope this serves as a warning to anyone else out there thinking about doing something like this, and more importantly, I hope this brings to the forefront the risk involved when someone makes you an offer that sounds too good to be true.


Link: All posts regarding the Metro Money Store and Joy Jackson (http://www.teambenya.com/charles_county_real_estat/metro_money_store/ - broken link)
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Old 11-17-2009, 08:53 AM
 
Location: Bernanke's Financial Laboratory
513 posts, read 1,225,587 times
Reputation: 225
Nothing has changed, Flopping has replaced flipping.

The new flipping: short sales | HeraldTribune.com | Sarasota Florida | Southwest Florida's Information Leader

Any guesses on why this guy still has a real estate license?

Trusted Md. Lawyer Accused of Plundering Client's Estate - washingtonpost.com

https://www.dllr.state.md.us/cgi-bin...RE::RE_qselect
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