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

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

New York Weekend Edition /
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 Articles

arrow_forward_ios
City Council Majority Leader Laurie Cumbo and 840 Atlantic Avenue (Getty, Google Maps)
Atlantic Avenue project gets haircut — and is rejected anyway
Atlantic Avenue project gets haircut — and is rejected anyway
Opendoor CEO Eric Wu (iStock)
Opendoor revenue bounces back in Q1
Opendoor revenue bounces back in Q1
Joan Rivers and 1 East 62nd Street (Getty, Sotheby's)
Joan Rivers’ longtime UES penthouse hits the market for $38M
Joan Rivers’ longtime UES penthouse hits the market for $38M
Clockwise from top left: Scott Stringer, Maya Wiley, Raymond McGuire, Andrew Yang and Shaun Donovan (Getty)
What do Brooklyn homes cost? Don’t ask these candidates
What do Brooklyn homes cost? Don’t ask these candidates
Exhausting other options, buyers flock to fixer-uppers
Exhausting other options, buyers flock to fixer-uppers
Exhausting other options, buyers flock to fixer-uppers
(iStock)
Up, up and away: Home prices soar beyond buyers’ reach
Up, up and away: Home prices soar beyond buyers’ reach
The curious case of the vanishing attorney
The curious case of the vanishing attorney
The curious case of the vanishing attorney
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...