Broker Charged with Swindling 4 People in Real Estate Scam

Allison Tussey —  June 11, 2012 — Leave a comment

Renee Manning, 39 was arrested for her alleged role in a real estate scam that spanned at least three Florida counties over the past two years and swindled four Floridians out of $700,000. Manning was charged with one count of organized scheme to defraud.

 

Investigators allege that Manning coordinated the fictitious sale of a multi-million dollar property in Kissimmee. According to investigators, Manning advised that she was going to broker the sale of the property to an international investor and needed to secure money for a bridge loan until the investor had arranged for financing. The victims were led to believe that if they invested in the bridge loan they would receive their principal investment plus 30 percent within three months. The victims in this case reside in Pasco, Pinellas and Hillsborough counties, Florida.

Authorities believe there may be other victims, and anyone with related information should contact local law enforcement.

The Florida Department of Law Enforcement, in conjunction with my Office of Statewide Prosecution and the Pasco County Sheriff’s Office announced the arrest.

Florida Attorney General Pam Bondi said, “I am extremely proud of the Florida Department of Law Enforcement and the Pasco County Sheriff’s Office for their thorough investigation into Manning’s deceptive practices. I am pleased to have my Office of Statewide Prosecution bring long-deserved justice to this case. This case is another great example of strong partnerships to protect consumers from fraud.”

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Allison Tussey

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