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Developer arrested in Miami real estate scam

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5 May

Developer arrested in Miami real estate scam

The Florida Department of Law Enforcement has arrested Hudson Gabay of British American Homes, who was wanted in connection to a US$ 15 million real estate scam.

 

Gabay had been targeting British investors with offers for the Elliot’s Landing development in Florida. Despite the fact that he didn’t own the land when he started marketing it, Gabay pocketed around US$ 15 million from deposits for the proposed homes, allegedly using the money to finance a lavish lifestyle.

 

Several hundred people, mostly British, are believed to have fallen victims of the scheme.
 

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