Impact of Dinna Revilla’s arrest on foreclosed property business
February 20, 2008
The renowned guru of foreclosed property investing in the Philippines, Dinna Revilla, was arrested three weeks ago and her supposed fraudulent schemes were featured last week on GMA7’s Imbestigador.
The arrest was based on estafa complaints by her investors, after Dinna allegedly continued collecting funds although the real estate properties were already foreclosed by the bank. In addition, several of the checks she previously issued as payment to investors bounced.
This development caused several people to believe that the foreclosed property investing venture espoused by Dinna and Think Rich! Pinoy author Larry Gamboa was a fraud.
Dinna Revilla arrested?
January 31, 2008
The latest news in the Philippine real estate investing industry is that Dinna Revilla, a renowned guru of foreclosed property investing in the country, was arrested yesterday due to accusations of estafa.
Revilla, author of the foreclosed property investing book Riches in Foreclosures and mentor to Think Rich! Pinoy author Larry Gamboa, allegedly misappropriated the invested money of beauty queen and TV host Miriam Quiambao and four other people.
The Philippine Star and the Manila Standard have the scoop on the issue.
——————–
Miriam Quiambao files raps vs realty firm
Former beauty queen Miriam Quiambao and four others filed a syndicated estafa case yesterday against an alleged incorporator of a real estate investment company before the Manila City Prosecutor’s Office.
