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.