Retiree Real Estate Rip Off

Asset Management Staff on

  • The U.S. government’s shutdown of what it called a $100 million real-estate investment scam
  • The scam in Belize highlights a growing concern: the targeting of Americans retiring abroad
  • The developers were selling lots in a remote jungle area that they said would become a luxurious resort community
  • Instead, they pocketed the investors’ money and built little, the U.S. Federal Trade Commission alleged

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