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Real Estate Scam Story

NBA basketball players are known to make big money. That doesn’t mean that they make good investments. The Columbus Dispatch is reporting that players from the Miami Heat were caught in a multi-million dollar real estate scam.

According to recent testimony in an Ohio Federal Court courtroom, witnesses testified that Florida residents invested over 8 million dollars with Haider Zafar. Zafar has been indicted with 135 counts of fraud. The indictment  describes a scheme that he used to swindle money involving a real estate and a promise of amazing profits.

According to testimony, Zafar claimed that his uncle was Pakistan’s defense minister, which gave him the authority to buy and sell property for that country. So, he promised investors like Heat players Mike Miller, Rashard Lewis and James Jones that if they invested in Pakistan properties, they would be guaranteed a profit through his contact.  A simple idea, buy low and sell high… to that government.

Unfortunately for them, he had no relative in government and could not promise a profit. Evidence suggests that he also purchased little or no properties. A story that we will probably soon see on some American Greed episode.

For our DID YOU KNOW, it’s another math puzzler. If you take any number between 1 and 9 and multiply it by 9, then the sum of those two numbers will always equal 9. Here’s an example: 7 muliplied by 9 equals 63.  So… 6 plus 3 = 9.   Another????      3 x 9 = 27. So… 2 plus 7 equals….. 9!

And finally in pic o’ day… some courtroom drama?

courtroom drama

 

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