dina revilla

Impact of Dinna Revilla’s arrest on foreclosed property business

The “renowned guru” of foreclosed property investing in the Philippines, Dinna Revilla, has been arrested. Her supposed fraudulent schemes were even featured last week on GMA7’s Imbestigador.

The arrest was based on estafa complaints by her investors, after Dinna allegedly continued collecting funds although her real estate properties have already been foreclosed by the bank. In addition, several of the checks she 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.

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Foreclosed property investor Dinna Revilla arrested?

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.

Snippets from news reports of thePhilippine Star and Manila Standard below.

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