A Los Gatos man who starred in a real estate reality show was sentenced to jail and ordered to pay back nearly $10 million to his victims after admitting to real estate fraud, prosecutors said Tuesday.
LOS GATOS â A Los Gatos man who starred in a real estate reality show was sentenced to jail and ordered to pay back nearly $10 million to his victims after being convicted of real estate fraud, prosecutors said Tuesday.According to Santa Clara County District Attorney Jeff Rosen's office, 58-year-old Charles 'Todd' Hill received a four-year sentence.
'Others, unfortunately, see it as a criminal opportunity â and we will hold those people strictly accountable.'According to the DA's office, Hill engaged in 'multiple fraud schemes', with some scams dating back before the HGTV show.Prosecutors said in one instance, he diverted construction money for his personal use. In another, Hill created a Ponzi scheme by taking money intended to buy homes from an investor and spending it on a lavish lifestyle instead.
Fraud Real Estate Housing Crisis
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