Former punk band bassist charged in $27M real estate scam

The sham company victimized about 100,00 people nation-wide

Jan.January 20, 2018 09:00 AM

(Credit: Pexels, back photo; Pixabay, front image)

A former bassist for Indiana-based punk band The Ataris, Mike Davenport, has been charged with fraud for his involvement in a seven-year real estate scam that swindled $27 million from about 100,000 people.

The scam was based on setting up fake showings, which would be advertised on Craigslist, and charging prospective buyers/rents about $200 to set up an appointment to visit the property, then they would disappear, according to the New York Post. The telemarketing company behind the scheme was called American Standard and the FBI raided their offices in September 2016.

Davenport, and an implicated woman named Cynthia Rawlinson, were subsequently charged with wire fraud, mail fraud and conspiracy to commit mail and wire fraud. They face 30 years of jail time if found convicted. [NYP] — Erin Hudson

Related Article


Aggressive iBuyer Opendoor acquires title and escrow company

Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion

Nashville broker posts oral sex selfie alongside kitchen and pool listing pics

From left: Rory Golod, Robert Reffkin and 1328 Fulton Street (Credit: Google Maps)

Compass is growing rapidly in UWS and Brooklyn

Elevated risk: Malfunction at NYCHA is putting public housing residents at greater risk of being injured in its elevators

How do brokers get listings from the Department of Justice?

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

From left: Bess Freedman, Fredrick Peters, Shlomi Reuveni and Eric Benaim with 505 West 43rd Street (Credit: BHS, Warburg Realty, Reuveni, and Charliewestny)

The Daily Dirt: What brokers fear most