Adam Boroughs gained quite a reputation as a cheap hustler and thief while in California. He ruined peoples lives here with dishonest scams during the real estate boom.
The two hustles he became known for were:
1) Deposit and Fee Rip-off. He would take deposits for property sales, then when the deal
inevitably fell through, he would convert the deposit for fees (through argument, denial and
fine print in the agreement).
2) Remodel Scam. Would "help" people buy investment property, then take money for remodeling
and never complete the remodel jobs.
I fell victim to the latter, in the sum of $27,000.
He found potential investor victims through internet ads, blogs and telemarketing.
A fellow investor and friend told me tonight that he saw some information on Adam Boroughs on usacomplaints.com.
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