Metro seeking real estate fraud victims - FOX5 Vegas - KVVU

Metro seeking real estate fraud victims

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George C. George (LVMPD) George C. George (LVMPD)
LAS VEGAS (FOX5) -

Metro police are hoping victims of a real estate fraud scheme will come forward.

According to police, a man identified as 54-year-old George C. George has been scamming Las Vegas Valley residents since at least 2010.

George would reportedly offer to help victims purchase homes or their existing homes using his own funds, claiming he could refinance or modify their mortgages.

"With every other scam he would request money. The people, the unsuspecting victims, would provide him with large amounts of money," said Jose Hernandez, Metro PIO.

The victims were required to make down payments and provide earnest money or origination fees in order to start the process. In some instances, the up front fees totaled $200,000.

Hernandez says George would conduct the scheme by getting acquainted with people and telling him he worked in real estate.

"You know small talk that would lead to, 'Oh by the way, I'm a real estate agent … you looking to sell your home, you looking to purchase a home?'" Hernandez said.

According to police, victims would try to contact George at a later date and ask where their money is. Once the fee was paid, police said George would disappear.

"Later on when they would try to contact George for a follow-up to find out what the progress of the loan or the progress of the deal was," Hernandez said. "Of course no phone calls, they couldn't get a hold of him."

Police say if a victim was able to locate George, he would reportedly threaten that victim with violence.

Attorney Bob Massi is all too familiar with these types of scams as he's worked with victims of other real estate schemes for the past five years.

"Whatever you do, have somebody professionally look at it, just get somebody to understand what you've signed and what the legal consequences are," Massi said.

Massi warns people to never be too trusting if it seems to good to be true because once a scam goes through, he says that person is likely to never see their money again.

"All too often it's too late once you sign it, it's too late once you give the money away because once the money is gone, these are professional people, it's gone," Massi said.

If you were a victim or know someone who was, you are urged to contact Metro's Fraud Section at 702-828-3590 or Crime Stoppers at 702-385-5555. You may also leave information online at www.crimestoppersofnv.com.

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