Agent, Min Jin Zhao, Allegedly Used All-Cash Offer Loan Promises To Lure Homebuyers & Obtain Down Payments

Agent, Min Jin Zhao, Allegedly Used All-Cash Offer Loan Promises To Lure Homebuyers & Obtain Down Payments

OAKLAND, CA (STL.News) – A federal grand jury in Oakland indicted real estate agent Min Jin Zhao, a/k/a Michael Zhao, a/k/a Michael West, on charges of wire fraud, mail fraud, and money laundering, announced United States Attorney David L. Anderson; Internal Revenue Service, Criminal Investigation (IRS-CI), Special Agent in Charge Kareem Carter; and Federal Bureau of Investigation (FBI) Special Agent In Charge John F. Bennett.

According to the indictment filed May 9, 2019, and unsealed yesterday, Zhao, 56, of San Francisco, is a real estate agent working in the Bay Area who defrauded his clients out of down payments meant for the purchase of homes in and around the Bay Area. 

Continue reading Agent, Min Jin Zhao, Allegedly Used All-Cash Offer Loan Promises To Lure Homebuyers & Obtain Down Payments at STL.News.