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Wed, December 11, 2024
[ Wed, Dec 11th 2024 ] - ProPublica
An Open Letter to Elon Musk

Alexander brothers charged with sex trafficking conspiracy dating back over a decade


Published on 2024-12-11 21:51:09 - Business Insider
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  • The Alexander brothers are among the country's top real estate brokers. Police arrested them in Miami following allegations by multiple women.

The article from Business Insider details the arrest of the Alexander brothers, Oren and Alon, in Miami on charges related to a massive real estate fraud scheme. The brothers allegedly defrauded investors out of millions by promising high returns on real estate investments that did not exist. They used a Ponzi-like scheme, paying returns to earlier investors with the investments of more recent ones. The FBI and SEC have been investigating their operations for over a year, uncovering a web of shell companies and falsified documents. The brothers, known for their lavish lifestyle and high-profile connections, now face multiple charges including wire fraud, securities fraud, and money laundering. Their arrest has sent shockwaves through Miami's real estate community, prompting a broader investigation into similar fraudulent activities in the area.

Read the Full Business Insider Article at:
[ https://www.businessinsider.com/alexander-brothers-arrested-miami-real-estate-2024-12 ]