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Tag: development fraud

RICO Complaints Filed By Glendale and Los Angeles Cities re: The Defrauding of Affordable Housing Funds

Industry April 25, 2011April 20, 2016 John Maseredjian 1 Comment

In what may turn out to be the largest RICO case in recent history, both Los Angeles and Glendale City have filed cases stating that Advanced Development Investment (ADI, a housing developer/investor) and a few other similar firms, defrauded the Cities of roughly $250,000,000.00.

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