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Get Rich Quick in Real Estate Promoter Sentenced to 11 Years in Federal Prison

In April, 2011 I wrote about Eric Farrington who was a get rich in real estate “self-made millionaire.”

At the time he was selling courses and seminars about how to get rich in real estate.

Well Farrington, who proclaimed he had 25 years of experience as a motivational speaker, just got about half of that time to spend in a federal prison.

Also convicted and sentenced with Farrington were:

Regis Lamont Williams, 45, of Dallas, a Texas certified real estate appraiser who did business as Executive Certified Appraisal. He was convicted of one count of conspiracy to commit wire fraud, one count of bank fraud and aiding and abetting, nine counts of wire fraud and aiding and abetting and five counts of engaging in a monetary transaction with criminally derived property and aiding and abetting. He was sentenced on April 28 to 46 months in prison and ordered to pay $1 million in restitution and forfeit $1.2 million to the federal government.

Kevin Ray Sanderson, 36, of Irving, a business associate of Farrington and the vice president of Farco Construction, of Dallas, dba Farrington Mortgage Group. He was convicted of one count of conspiracy to commit wire fraud, one count of bank fraud, four counts of wire fraud and aiding and abetting and one count of money laundering. He was sentenced last week to 57 months in prison and ordered to pay $762,983 restitution, and forfeit $1.2 million to the federal government.

James Edward Jones, 45, of Dallas, a real estate agent. He was convicted of one count of conspiracy to commit wire fraud and two counts of wire fraud and aiding and abetting. He was sentenced in August 2010 to 30 months in prison and ordered to pay $624,414 restitution and forfeit $1.2 million to the federal government.

Edwin Terrence Bell, 44, of Fort Worth, was in the real estate management business and was president of Togetherness, Inc. Bell also did business as The Togetherness Group and TTG Inc. He was convicted of one count of conspiracy to commit wire fraud, five counts of wire fraud and aiding and abetting and two counts of engaging in a monetary transaction with criminally derived property and aiding and abetting. He was sentenced in August 2010 to 41 months in prison and ordered to pay $442,604 in restitution and forfeit $1.2 million to the federal government.

Micheal (sic) Lewis Andrews, 51, of Plano, Texas, was CEO of Second Chance Mortgage and did business as 2nd Chance Mortgage. He was convicted of two counts of wire fraud and aiding and abetting. He was sentenced last week to 24 months in prison and ordered to pay $108,659 in restitution.

Robert John Mason, 56, of Oak Leaf, Texas, was an employee of Prestige Capital Corp. He was convicted of two counts of wire fraud and aiding and abetting. He was sentenced in July 2010 to 30 months in prison and ordered to pay $463,722 in restitution. – Source

Farrington will now be able to fine tune his presentation and pitch to his new captive audience in the big house, and I don’t mean a big house, I mean “the” big house.

READ  Eric Farrington's Wealth Building Seminars - BUSTED





About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

1 Comment

  • Our team has developed an excellent reputation for establishing
    and maintaining essential and effective relationships within the industry of
    which we currently have 10 agents on our team of which 7 buyers agents which
    specialize in REO only.

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