A Los Angeles resident was arrested final week for allegedly orchestrating a rental rip-off that netted her over $200,000 from unsuspecting victims, the Los Angeles Instances reported.
Surong Li, 29, of Irvine, California, allegedly posed as a property supervisor and entered into lease agreements with renters for properties she didn’t legitimately symbolize. To hold out the scheme, Li both fabricated the existence of rental properties totally or did not switch funds to the real property house owners, in keeping with legislation enforcement.
Li is dealing with a number of expenses, together with grand theft, possession of counterfeit identification, and theft by false pretense.
Associated: Arizona Takes Motion In opposition to Fraudulent Rehab Facilities Exploiting Weak Communities
Sadly, such scams should not unusual.
In June, Jonathan Daugherty, a realtor in Jacksonville, Florida, discovered duplicates of his properties on housing boards on websites like Craigslist and Fb, News4Jax reported.
The fraudsters lured hopeful candidates and charged software charges and deposits as much as $500, regardless of having no precise ties to the properties. Daugherty alerted the police and took obligatory precautions, similar to inserting indicators on the property to warn renters towards participating with random people, and that there’s “just one approach” to lease the property.
How one can keep away from a property rip-off
To safeguard towards such scams, the Federal Commerce Fee recommends a number of methods together with:
- Inspecting properties in individual or just about
- Verifying rental brokers’ IDs
- Checking tax evaluation web sites for personal landlords
- Staying cautious of unusually low rental costs
- Refraining from sharing private or monetary data
- Avoiding sure fee strategies similar to reward playing cards and cryptocurrency
