Scammer sentenced to 20 years for real estate scheme - Can wholesalers be charged?

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“Prosecuting white-collar crime is a priority because it is devastating to the people who lose thousands of dollars in what should be ordinary, everyday business transactions,” she said. “Conmen, scammers and fraudsters are thieves, plain and simple, and when they repeatedly take advantage of our community, like in this case, they need to be in prison.”

Houston fraudster Robert Gibson, who made over $1 million pretending to wholesale distressed properties for cash, was sentenced to 20 years in prison Monday after pleading guilty to theft.

Operating under the name Divine Capital Investments, the convicted con man scammed 29 people out of $1.2 million between August 2019 and June 2021 by falsely advertising properties set for foreclosure at prices significantly below their expected auction values,

— Brandon Sams

https://therealdeal.com/texas/houston/2023/07/13/houston-sca...