A Lynching in Rancho Mirage
Description
How a penniless real estate broker outsmarted the US Government and the State of California and successfully converted to himself the purchase of a luxury real estate development in Rancho Mirage California that had been completely financially structured by an African American developer. The US Government, not only did not understand who the principals were of the transaction, but allowed the broker to masquerade as a buyer and use discriminatory comments to the lenders involved as well as to the seller that eventually caused the conversion of over $600,000 in personal investments, a loan of $8million and a Rancho Mirage development with a value in excess of $60million
