A county in Pinellas, Florida, which has a controversial previous could also be revoked.
In a just lately filed go well with, the Florida Division of Enterprise and Skilled Regulation mentioned Michael J. Schaffer had damaged the legislation by failing to reveal two convictions for theft. Actual property brokers should report all convictions and responsible pleas to the Florida Actual Property Fee, which can revoke or droop a license for crimes involving dishonest transactions.
State officers opened a case in opposition to Schaffer final yr after the Tampa Bay Instances recounted his prison background, his hyperlinks with a lawyer struck off and a number of other suspicious transactions, together with one involving a girl with HIV / AIDS. A most cancers, which might have revealed to Schaffer and the lawyer greater than $ 100,000. .
Schaffer acquired his actual property license in Florida in 2001. A yr later, he was indicted in Illinois, the place he lived, for stealing almost $ 40,000 in a clothes retailer. He pled responsible to 2 counts and was sentenced to 30 months probation. There was no proof that he ever disclosed his crimes, mentioned a Florida official final yr.
"Please, don’t name me anymore," mentioned Schaffer Monday, 54, when a reporter known as to share his feedback. He then hung up.
Since turning into an actual property agent in Florida, Schaffer has been the itemizing agent, the gross sales agent or each within the context of dozens of actual property transactions totaling almost $ 60 million. Information present that he has an deal with in Gulfport however works in Realty Sources in St. Pete Seaside.
Final yr, Samuel Buck of Seminole filed a grievance with the Actual Property Board after shedding the acquisition of a villa that Schaffer had enumerated. Schaffer accepted a decrease provide from an actual property agent from the identical workplace, though Buck's provide was significantly greater. This actual property agent put the home up on the market for almost $ 75,000 greater than what he had paid 5 days earlier.
Schaffer denied any wrongdoing on the time, and Buck mentioned that he had by no means heard something from the fee, regardless of what he known as nature "ladle" of the settlement.
"I feel it's great that they will lastly do one thing," Buck mentioned. He needs to be held chargeable for what he has carried out and be revoked, on the very least, his license. "
Gulfport-educated Marsha Warner, who retired from Gulfport, mentioned Schaffer and her lawyer, Andre Keith Sanders, had satisfied her to make use of $ 114,000 of her retirement funds in 2012 to assist a purchaser who wanted a down cost for the acquisition of a Tierra Verde townhouse. Warner acquired month-to-month curiosity funds, however ultimately realized that every one his "funding" had been misplaced.
The truth is, the lads had used Warner's cash to repay the mortgage of the townhouse, which belonged to certainly one of Sanders' shoppers. It was later offered to Schafer's roommate and enterprise companion, who returned it for a revenue of $ 163,000.
"What these criminals have carried out is a wonderfully executed criminal," mentioned Warner's lawyer, Dianne Griffith, in a letter to the FBI. Regardless of her losses, the IRS has requested Warner, who’s presently on most cancers therapy, to pay $ 42,000 curiosity on the cash she has withdrawn from her retirement account.
Schaffer didn’t reply the questions despatched by e mail about this matter. Sanders, written off in 2015 for defrauding shoppers in a debt discount scheme, died in February.
In its grievance, the Division of Enterprise Regulation asks the Actual Property Fee to impose a high-quality on Schaffer, starting from reprimand to revocation of the license. He’s entitled to a listening to earlier than the board. No dates have been set.
Content material Company Tribune