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Single family homes on the market. Updated weekly.Powered by Altos Research
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Real Estate Investing

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SEC accuses Chicago house flipper of running $20 million real estate fraud scheme 

May 31, 2019By

The SEC this week accused the owner of a real estate investment company of perpetrating a $20 million real estate fraud scheme by convincing more than 600 investors to give money under the auspices of flipping houses in the Chicago area. But instead of making money on real estate, George Slowinski allegedly took some of the investors’ money for himself and his associates, made bad investments, and eventually cost his investors $17 million.

3d rendering of a row of luxury townhouses along a street

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