WATCH: Why is online real estate fraud the perfect crime?

Hiten Samtani and Konrad Putzier discuss the world of scams and schemes on the Internet

TRD New York /
Jul.July 14, 2017 07:00 AM

Real estate scams have existed since property started changing hands. The internet — and social media in particular — led to the proliferation of these schemes, as the ability to invest money became easier and more accessible to lay investors.

In January, The Real Deal exposed Bar Works as a Ponzi scheme and discovered that its mastermind was career-fraudster Renwick Haddow. That, however, was just the tip of the iceberg of these scams — so reporter Konrad Putzier went down the rabbit hole to investigate the increasing prevalence of online real estate fraud.

The Real Deal’s Hiten Samtani sat down with Putzier to talk about how the story came together.

To see the full conversation, watch the video above.

For more videos, visit The Real Deal’s YouTube page.


Related Articles

arrow_forward_ios
Renwick Haddow and a closed Bar Works location at 41 West 46th Street (Credit: Google Maps)

Behind Bars: Bar Works co-conspirator James Moore convicted of wire fraud

Luxury home developer arrested on federal charges over $1.3B Ponzi scheme

Westchester & Fairfield Cheat Sheet: White Plains developer heads to prison, Marc Jacobs buys in Rye, Tommy Mottola sells in Greenwich… & more

Developer behind $58M Ponzi scheme gets 6 years in prison

Developer behind $58M Ponzi scheme sells Manhattan properties at auction

TRD wins New York Press Club award

Bar Works mastermind Renwick Haddow extradited to US

National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more

arrow_forward_ios