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Cases / Lending & cash advance

Novus Properties

Brian Thomas Sapp

ReportedDec 4, 2018
LocationAlexandria, VA
Amount$1,400,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Novus Properties
Industry
House flipping loans (distressed residential properties)
How investors were recruited
Close friends and their family who trusted him
Pitch & red flags
Promised "rates of return as high as 25 percent"; claimed "a guaranteed buyer for all his properties"; forged contracts via DocuSign

Pitch phrases from this case

Source

U.S. Department of Justice official

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