Scam victim in debt of $600,000 in real estate scam, Auckland, New Zealand.

Two man were charged in court recently for property scam.  Phil Cavanagh was found guilty and sentence to 2 years and 5 month.

Raghu Aryasomayajula was refused bail recently as the judge says that Raghu is likely to face imprisonment soon.

He was found guilty of mortgage fraud amounting to $13 million!

The vicitim said that he is now left with less money then when he left school!  Read the full story here.  Source: New Zealand Herald.

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Former property agent found guilt of fraud amounting to $13 million, Auckland, New Zealand

Who says you need a gun to rob the bank to get big money?  Raghu Srinivas Aryasomayajula an ex-property did it the "civilized" way without even using a knife to rip off others! Read the full report on the New Zealand Herald here.
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