Man extradited from Spain over $20 million Detroit real estate scheme

A New York man charged in a $20 million telemarketing scheme that involved Detroit homes has been extradited from Spain, federal officials announced Friday.

Erez Arsoni is among 16 people accused in federal court of luring 290 victims in 46 states and Canada into a fraudulent investment operation focused on low-cost Detroit real estate.

Arsoni left the country before charges were issued in September 2014.

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Rachel Dollar

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