Disappearing Investments: Investors Say They Lost Thousands Trying to Buy Foreclosed Homes
Disappearing investments: Investors say they lost thousands
CHICAGO (WLS) — Hopeful homeowners say they thought they were investing in properties but instead they lost thousands of dollars.
Customers say they trusted the people offering deals because they attended business meetings at church. They say they paid thousands of dollars to obtain abandoned or foreclosed homes.
However, about eight months later, they said their money is gone.
Celeste Pearson Dixon and Pierre Walker said they spent thousands on what they thought were down payments for homes. Both said they have “construction contracts” with a company called Transglobal Development.
“If we can just stop him from trying to sell this pipe dream to somebody else and taking somebody else’s hard earned money,” Pearson Dixon said.
More with video here…