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TICs

Cabot Investment Properties Lost $5 million of Investors Retirement Savings in TICs

By Tom Costello of Costello Law Group  Cabot Investment Properties and its principals, Carlton Cabot and Timothy Kroll, were charged with real estate fraud after allegedly loosing investor money in fraudulent tenancy-in-common (TIC) deals. The investors were looking for retirement income and invested over five million dollars in eight different fraudulent TICs, causing […]

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Ameriprise Financial Ordered to Pay Elderly Couple $1.17 Million

By Tom Costello of Costello Law Group A FINRA arbitration panel ordered Ameriprise Financial Services Inc. to pay $1.17 million to an elderly couple after advising them to invest their retirement savings in speculative real estate investments. According to the award, Ameriprise had advised the couple to invest over $1 million of their […]

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