Husband and wife contractors were arrested after they were accused of taking money from clients but never actually finishing their home renovation projects.
Charles “Todd” Hill appeared as one of the featured house flippers on HGTV's"Flip It to Win It." He also has to repay the millions he stole from victims."The show’s concept was that he bought dilapidated homes, fixed them up, and then sold them for a profit," the Santa Clara County District Attorney's Office said in a press release."Instead, Hill spent millions on overbudget remodels, laundered profits, and pocketed millions in fraudulently obtained money.
According to prosecutors, Hill's schemes included scams that occurred before he appeared on the HGTV show that aired in 2014. “Some see the huge amount of money in Silicon Valley real estate as a business opportunity,” District Attorney Jeff Rosen said in a statement. “Others, unfortunately, see it as a criminal opportunity – and we will hold those people strictly accountable.”
Prosecutors said Hill was convicted in Sept. 2023 after admitted to grand theft with aggravated white-collar enhancements. The district attorney's office said in one case Hill diverted construction money for his personal use. In another, prosecutors said he operated a Ponzi scheme by using an investor's money meant for buying homes to instead support his own lavish lifestyle. In that case, he used fraudulent information to get loans and created fake balance sheets to cover up the theft. , Hill was ordered to repay nearly $10 million from the real estate and financial fraud he committed against 11 victims.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Former HGTV star sentenced in $10 million fraud caseThe bus caught on fire along Interstate 10 in Baker County Friday morning, as a passenger tells First Coast News a rear tire blew out and a spark caused the fire.
Lire la suite »
Former Root executive sentenced to more than 4 years for defrauding businesses out of $10 millionThe EF3 tornado killed three people in the Indian Lake area. As residents pick up the pieces, authorities are now warning of looters.
Lire la suite »
Former HGTV star sentenced to 4 years in prison for fraudA suspect in the case is being sought on a warrant.
Lire la suite »
Former HGTV star sentenced to 4 years in prison for fraudOver 500 students from various grade levels were building their own trenches along the Solanco High School grounds on Thursday, April 18.
Lire la suite »
Former HGTV star sentenced to 4 years in prison for fraudFive tornadoes hit Ohio on Wednesday.
Lire la suite »
Former HGTV star sentenced to 4 years in prison for fraudOfficials across Arizona are preparing for another hot Arizona summer. Here's what you can do to be safe and cool.
Lire la suite »