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Developer who bilked condo buyers in Coachella resort scam gets 20 years in prison

Por: Los Angeles Times Nation November 22, 2022

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A developer who tricked more than 160 would-be buyers into giving her at least $26 million in down payments for condos at a Coachella resort she never built was sentenced Monday to 20 years in prison. Ruixue Serena Shi, 38, used the stolen money to pay for luxury cars, worldwide travel and a high-fashion wardrobe, court records show. Most of the buyers were Chinese citizens who believed California real estate was a safe investment, and some of... + full article



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