Search Results for: Ponzi

Ponzi Scheme Leads To Sale Of Millennium Tower Condo (Foreclosure Auction)

Unit #1506 _ C/O Lister/Parmenter

There is a condo going to foreclosure auction this Friday and its in one of the most luxurious buildings in all of Seattle - Millennium Tower.  What makes this foreclosure unique is not just the property itself, but the Ponzi scheme that surrounds the person that bought it. Do you recall the story of Meridian Mortgage Investor Fund?  The founder Frederick Darren Berg, a … [Read more...]

Follow Up – Millennium Tower Minimum Bid Is $1,351,500 (Last Sale Price $1,950,000)

  Did you catch this post on Wednesday?  Unit #1506 at Millennium Tower is scheduled for auction today and it has a minimum bid from the bank at $1,351,500. The unit was purchased in 2004 for $1,950,500. The owner of the unit is a man charged with running the largest Ponzi scheme in Washington State history.  It will be interesting to see what this unit sells for.  If you … [Read more...]