Real estate investment scams have become more prevalent across the world thanks to e-commerce and social media platforms, according to reports by property-industry news outlet The Real Deal. Fraudsters can target victims using advertisements on sites like Singh, and encourage them to invest using the promise of monthly income. Earlier this year, The Real Deal exposed a co-working space scam orchestrated by career fraudster Renwick Robert Haddow. Under the scheme, Haddow convinced people to invest in a venture called Bar Works, which promised double-digit returns. More than 100 investors were defrauded as part of the scam.
Real estate investment scams have become more prevalent across the world thanks to e-commerce and social media platforms, according to reports by property-industry news outlet The Real Deal. Fraudsters can target victims using advertisements on sites like Facebook, and encourage them to invest using the promise of monthly income. Earlier this year, The Real Deal exposed a co-working space scam orchestrated by career fraudster Renwick Robert Haddow. Under the scheme, Haddow convinced people to invest in a venture called Bar Works, which promised double-digit returns. More than 100 investors were defrauded as part of the scam.