Real Estate Scam – The Scam: Equity Stripping & Deceptive Contracts
A lawsuit has exposed a massive fraud operation led by Cameron Jones (Gazelle Investors) and Samuel Sutton (Magnum Financial). Their strategy?
🔍 Preying on distressed homeowners:
📌 Tracking foreclosure notices on county recorder websites.
🚪 Deploying ‘door knockers’ posing as foreclosure relief specialists.
🎭 Pretending to represent fake charities like “Arizona’s Helping Hands.”
📜 Using deceptive contracts to steal equity and acquire homes at rock-bottom prices.
💰 Flipping properties quickly for massive profits—leaving homeowners with nothing.
Some victims even found themselves entangled in fraudulent bankruptcy and probate filings, keeping them in the dark while these scammers raked in millions.
🔑 Title Companies & Law Firms Also Involved?
The lawsuit also calls out title companies and law firms that allegedly helped push these fraudulent deals through by:
📅 Notarizing shady deeds without verifying legitimacy.
📉 Approving home sales far below market value.
🔒 Enabling rapid house flipping between shell companies to cover tracks.
⚖ Filing lawsuits against homeowners to force sales and evictions.
🏳 Justice Is Coming!
Attorney General Kris Mayes is cracking down on these fraudsters, demanding:
✅ $10,000 fines per violation under the Arizona Consumer Fraud Act.
✅ Permanent bans from real estate transactions.
✅ Dissolution of fraudulent companies involved.
✅ Triple damages for any business caught enabling these scams.
If you are victimizing homeowners, we will stop you and recover what you stole.” – Attorney General Kris Mayes 🚨
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