“Like the housing industry, real estate ‘guru’ Mark Bosworth is in crash mode”

I quit reading the New Times years ago after Laurie Notaro got canned so I missed this feature on Mark Bosworth in May.

(ADDED: Now I think Laurie wrote for the Arizona Republic‘s ripoff of New Times. I don’t even know if it still exists anymore.)

A more recent piece details how the Arizona Corporation Commission is going after the founder of GoRenter.com.

In this July 3 “Notice of Opportunity for Hearing,” the commission says Bosworth and three of his employees ripped off $5.6 million from 31 investors who thought they were buying property in Rocky Point, Mexico.

The investors were promised a 30 to 100 percent return on their money. Instead, they took a 100 percent loss, according to the commission.

August 14, 2008 by Realtor John Wake

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John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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