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Cases / Real estate

Francisco "Frank" Hobson

ReportedOct 3, 2016
LocationMission Viejo, CA
Amount$2,339,473

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.

Industry
Real estate property purchases (nonexistent properties)
How investors were recruited
Affinity fraud targeting Hispanic investors who saw him as someone they could trust; licensed real estate agent
Pitch & red flags
money to be "used to purchase properties" that were not for sale or did not exist

Pitch phrases from this case

Source

U.S. Department of Justice official

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