A man Contra Costa prosecutor Ken McCormick has referred to as a “national expert” in real estate has been charged by the Contra Costa County District Attorney’s Office of ripping off a New York family of over $1 million.
The man, Ken Beasley, 67, is also a resident of New York but but the three felonies with which he has been charged occurred in Danville. Beasley was charged with two felony counts of embezzlement and one enhanced charge accusing him of causing excessive loss.
The New York family gave Beasley, who has published four books about real estate and who has appeared on Fox News Channel as a real estate “guru,” $1,140 million back in 2006 to purchase three investment properties in Las Vegas, Nevada. According to prosecutors, Beasley did not purchase the properties (real estate investment fraud) but gave the victim fraudulent documents (title fraud) and sent him monthly rental payments to keep the fraud going. The scam was only discovered when several years later, the family attorney did a title search on the properties while setting up a will and saw they were not in the name of his client.
Read the original article in the Silicon Valley Mercury News.
Update: Ken Beasley is quoted in a subsequent article in the Silcon Valley Mercury News as denying the charges.