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Busted

A group of One Rincon Hill scammers were sentenced yesterday to lengthy state prison terms. They also were hit with over $18 million in fines. From the SF Appeal we learn that those involved were part of a group "that filed false documents to put condos at One Rincon Hill under a co-conspirator's name, then took out loans against the properties, drained them of their equity and laundered the money through shell companies." [SF Appeal]

One Rincon Hill

425 1st Street, San Francisco, CA 94105 Visit Website