Sarasota Herald-Tribune

‘Flip that House’ fraud cost billions

Fraudulent property flipping ran rampant during this decade‚Äôs housing boom, with $10 billion in suspicious deals in Florida alone, a Herald-Tribune investigation has found. The deals -- many of them inflated sales among friends, family and business associates -- drove up property values and tax bills during the boom, fed bank bailouts and failures after… Continue reading ‘Flip that House’ fraud cost billions