Florida Preacher Uses Radio Show To Commit Real Estate Fraud
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Rodney McGill, pastor of New Hope Outreach Center and radio show host, is a piece of work. While keeping a veneer of success around him, he was using his radio show to solicit investors that he ripped off in a real estate fraud and get rich quick scheme.
I try not to be too judgmental in life but I have a big problem with this type of scam. A religious figure that uses his position to steal from people is near the bottom of the barrel in my opinion. That he used his radio show to perpetrate the crimes showed that he had absolute disdain for the law.
And what is even more baffling is that he was able to commit the crimes he is accused of even after the housing market was tanking in Florida.
The McGills were arrested Tuesday on charges of racketeering, conspiracy to commit racketeering, grand theft and obtaining a mortgage by false representation, the Florida Department of Financial Services said.
The McGills bought four homes in Martin and St. Lucie counties by submitting fraudulent loan applications, then flipped the properties to clients for outsized profits, investigators said. The couple used bogus loan applications to borrow more than the properties were worth, leaving clients with $1.1 million in mortgages, state officials said.
McGill solicited clients through a daily radio program on WJFP-FM 91.1. He told listeners he wanted to teach them to buy and sell real estate with no out-of-pocket expense and a goal of earning $50,000 in 90 days.
The radio pitch yielded three investors, Patricia Kelly, Sharon Schofield and Cynthia McNair, said Detective Ted Padich of the Florida Department of Financial Services. via the Palm Beach Post
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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Pingback by Reckless Faith: Florida preacher uses radio show in mortgage scam « Odd Florida on 22 September 2008:
[...] houses in Martin and St. Lucie counties under his guidance. He promised his followers they would earn $50,000 in 90 days without any putting any money down. When they didn’t, he blamed the real estate market [...]