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April 16, 2014

Real estate firm's execs convicted of fraud

  • More than 22,000 claims have been filed by investors, property owners, vendors and governments seeking to recover more than $102 billion from DBSI's collapse.

    • BOISE, Idaho (AP) — A federal jury has convicted four officials at a failed southwest Idaho property management company of fraud for bilking investors out of billions of dollars.

    The Idaho Statesman reports (http://bit.ly/1n8Ob7T) the jury deliberated three days before returning the guilty verdicts Monday in the trial involving real estate company DBSI of Meridian.


     
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