May 13, 2025 - 13:28
Moiz Kunwar, 28, has been charged with fraud and is facing two lawsuits related to an alleged pre-construction home deposit scam worth hundreds of thousands of dollars. The accusations suggest that Kunwar misled multiple clients into investing their deposits for properties that were never built.
According to reports, the scheme involved promising potential homeowners lucrative opportunities in the booming real estate market. However, as investigations unfolded, it became clear that the deposits were not being used as intended, leading to significant financial losses for victims.
The lawsuits filed against Kunwar detail the distress and financial hardship experienced by those who trusted him with their investments. Many individuals are now grappling with the fallout from this alleged scam, which has left them questioning their financial futures.
Law enforcement officials are urging anyone who may have been affected by Kunwar's actions to come forward as the investigation continues. The case highlights the importance of due diligence in real estate transactions.
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