Saturday, November 15, 2014
Real Estate Guru Tanya Marchiol Pleads Guilty
Real estate guru Tanya Marchiol has pleaded guilty in Federal court to a wide variety of charges including tax evasion and money laundering.
Of particular note in this case is Marchiol was accused by Federal prosecutors of laundering money for drug traffickers through her real estate guru operations. This is a new twist on an old scheme for me. For example, one very famous real estate guru actually paid for their rental properties by selling cocaine out of their management office.
Marchiol was a high flyer in real estate guru circles over the last few years. Based in Phoenix, she is best known for her book and the speaking tour surrounding it where she appeared on all types of media including CNBC and Fox Business spouting her version of get-rich-quick real estate riches.
She is at least the sixth real estate guru to be indicted or convicted by the Feds in the last eighteen months. The Federal probe of real estate gurus by the U.S. Department of Justice and other law enforcement agencies rolls on.
More indictments are going to follow. I have it on good information a grand jury will be convened to investigate this entire corrupt industry. As part of plea deals and sentencing reductions these convicted gurus are squealing on each other, once again proving the old axiom there is no honor amongst thieves and giving the Feds lots of information about the rampant corruption in this industry and the major and minor players behind it.