Friday, December 4, 2009

Prison for "Flipping" Elderly Person's Property

A 46-year-old former real estate agent was sentenced to 2 1/2 years in prison Tuesday, plus seven years of probation for improperly selling the home of an elderly Tucson resident and keeping the profit.

Ammar Dean Halloum was working as a licensed real estate agent when he misrepresented himself and obtained the title of a Gilbert home from a Tucson dementia patient, says the Arizona Attorney General’s Office. Halloum flipped the property.

Halloum pleaded guilty to one count of theft/financial exploitation of a vulnerable adult and one count of fraudulent schemes and artifices, both felonies.
Judge Richard Fields of Pima County Superior Court also ordered Halloum to pay over $200,000 in restitution to the victim and over $30,000 to the Attorney General’s Office for prosecution costs.

Full Article and Source:
Former Tuscon Realtor Given Prison for Improper Home Sale

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