{"id":2267,"date":"2014-03-13T14:51:33","date_gmt":"2014-03-13T19:51:33","guid":{"rendered":"http:\/\/www.jeannorton.com\/?p=2267"},"modified":"2016-01-23T19:06:47","modified_gmt":"2016-01-24T00:06:47","slug":"karen-hanover-pleads-guilty-wire-fraud","status":"publish","type":"post","link":"https:\/\/mct.amw.mybluehost.me\/jeannorton\/karen-hanover-pleads-guilty-wire-fraud\/","title":{"rendered":"Karen Hanover Pleads Guilty to Wire Fraud"},"content":{"rendered":"

Yes…Oh what a tangled web we weave, when we first practice to deceive…<\/strong><\/p>\n

I was there, the summer of 2010, a relatively new real estate investor trying to learn as much as I could about real estate investing and wondering if commercial real estate was a path for me. \u00a0Heavily promoted, the Commercial Goldrush with DC Fawcett and Karen Hanover was to blend the best of both guru’s – the short sale expert with the commercial investing expert. (You can read my initial report HERE<\/a>.)<\/p>\n

This was heavily promoted by the most compelling gurus active with their internet marketing programs, and they all shared in the huge number of sales. \u00a0Originally set to be inside a hotel, they had to move to a different venue to accommodate the several hundred, if not into the thousands, to an independent facility. \u00a0Now I \u00a0know the money wasn’t in the admissions, but in the UP-SELLS, which there were plenty, as are common at these types of events. (The Seminar Business and the Hard-Sell Up-Sell<\/a>.)<\/p>\n

While there were plenty of products for sale there, one in particular, Karen Hanover’s Fast Track program, raised millions of dollars for Ms. Hanover. \u00a0The program was offered at $29,997 and it promised 2 vetted commercial properties to hand to busy investors, such as doctors and other professionals that didn’t have enough time to do their own due diligence. \u00a0The difference between this up-sell and the other products sold at the event, is there was no product delivered.<\/p>\n

As soon as I returned home, there was a lot of talk about Karen Hanover and her ethics. \u00a0Sure enough, I looked on regular public records and she has a history of not paying her rent and other contractual altercations. \u00a0The investors I met from the event claimed they would not do ANY deals with her, even though we paid the higher premium to have access to her lenders and her expertise.<\/p>\n

A few months later, someone reached out to me because they had a friend that spent the $30k, but never heard anything from Ms. Hanover or her staff. \u00a0Sadly, I had to point her to another web-site that exposed a lot of concern from others having the same experience. \u00a0It appeared nobody was going to see their money again.<\/p>\n

In the mean time, Ms. Hanover, in an attempt to stop people from accusing her of fraud, changed identities and threatened people to stop complaining. \u00a0I don’t know if there is a law against that in itself, but she then used a voice spoofing tool and claimed to be an FBI agent. \u00a0That is a federal offence (impersonating an FBI agent) that landed her in jail for 6 months.<\/p>\n

Ms. Hanover vehemently denied her part in any wrong doing, and named me as a few other bloggers with clear intentions to sue. \u00a0Her attorney did send me a letter asking me to take down a poorly worded blog post I wrote, which was since corrected with proper wording (like using the word “alleged” before the word “scam”.)<\/p>\n

What seems like an eternity for many affected since that day in 2010, she has finally plead guilty to wire fraud, which comes with a maximum sentence of 23 years in prison, financial restitution and more. \u00a0You can see the guilty plea HERE<\/a>.<\/p>\n

Here is the video of the sales pitch<\/p>\n