Authorities say a former real estate agent has pleaded guilty to felony charges for defrauding an elderly Tucson resident.
At a hearing in Pima County Superior Court, prosecutors say 46-year-old Ammar Dean Halloum pleaded guilty to one count of theft/financial exploitation of a vulnerable adult and one count of fraudulent schemes and artifices. He will be sentenced Dec. 1. Halloum, of Phoenix, also agreed to pay more than $200,000 in restitution to the victim and more than $30,000 to the Arizona Attorney General's Office for prosecution costs.
Halloum admitted that while working as a licensed real estate agent, he obtained the title to a Gilbert home through misrepresentations and omissions.
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Ex Real Estate Agent Pleads Guilty of Fraud
4 comments:
We need stronger penalties to stop this type of crime.
I like this -- he not only has to pay resitution to the vic, but he has to pay the state back for prosecuting him!
Now we're talking!
Real estate fraud is growing. And naturally, the predators will prey on the weak - the elderly.
I agree, StandUp, getting in his pockets will get his attention quicker than anything.
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