Tag Archives: accused

Chinese real estate company — whose ex-chairman is worth an estimated $11.2 billion — is accused of swindling investors

Chinese real estate company — whose ex-chairman is worth an estimated .2 billion — is accused of swindling investors

The second-largest real estate developer in China, China Evergrande Group, is facing a massive liquidity crisis that has sparked anger among investors and homebuyers. Evergrande’s financial troubles: The company’s years of borrowing have resulted in a colossal debt, amounting to over more than $300 billion, and a struggle to pay overdue bills and multiple wealth management products, reported the Washington …

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Real estate agents in school land deal accused of inflating price

Real estate agents in school land deal accused of inflating price

Two prominent Gainesville real estate agents were at the center of a controversial school board land deal – the first major purchase funded by a new half-cent sales tax – that resulted in the district buying a property last year for twice as much money as the land sold in late 2018, according to interviews and a review of hundreds …

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