Wednesday, November 4, 2009

Ex Real Estate Agent Pleads Guilty

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.

Full Article and Source:
Ex Real Estate Agent Pleads Guilty of Fraud

4 comments:

  1. We need stronger penalties to stop this type of crime.

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  2. 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!

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  3. Real estate fraud is growing. And naturally, the predators will prey on the weak - the elderly.

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  4. I agree, StandUp, getting in his pockets will get his attention quicker than anything.

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