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Real estate scammer may have struck again

Posted : Thu, 15 Nov 2007 16:37:26 GMT
Author : General News Editor
Category : US (World)
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CHICAGO, Nov. 15 A Berwyn, Ill., man convicted of selling vacant lots owned by a Chicago church is being accused of running a similar scheme from his jail cell.

Phillip Radmer, a disbarred lawyer who is awaiting sentencing on the previous charges, allegedly sold Chicago property belonging to Providence-St. Mel School to a real estate investor and developer without the school's consent or knowledge, the Chicago Tribune reported Thursday.

Radmer's company made $55,000 on the sale, leaving the investor, George Kouvelis, paying off the mortgage on a property he does not actually own.

The sale was allegedly masterminded by Radmer from the Cook County Jail in September, before he was convicted of theft and forgery for the previous charges of selling property owned by a church.

The Tribune disclosed last year that Radmer had created dozens of phony corporations and buyers to complete a series of complicated real estate transactions aimed at stealing more than 60 vacant lots from churches and non-profits.

Copyright 2007 by UPI

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