California Real Estate Fraud Report

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Hockey Legend Robitaille Sues San Jose Investor

Hockey star Luc Robitaille is the latest to sue bankrupt San Jose investor William “Boots” Del Biaggio’s for fraud. Robitaille is alleging that Del Biaggio defrauded him in a bank loan that was used partly to finance Del Biaggio’s extravagant lifestyle.

Before Del Biaggio’s business collapsed amid allegations of loan fraud, he and Robitaille invested together in several business ventures, including the purchase of a share of the Lancers hockey team of Omaha, Nebraska, an oil exploration company in Canada. They also received a $2 million credit line from Pacific Capital Bank to invest in real estate and other ventures, which Robitaille is accusing Del Biaggio of maxing out and leaving Robitaille holding the bag.

Read the Full Article in the San Jose Mercury News.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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