Wednesday, May 30, 2012

Massachusetts Woman Accused Of Embezzling More Than $200K From Real Estate Trust Accounts

Farkhanda "Kandy" Tarar Shah, 61, of Peabody, Massachusetts, has been accused of embezzling more than $200,000 from the trust accounts of her real estate businesses, K-Realty and doing business as Eastern Mortgage.  According to prosecutors, over a period of at least two years, from 2007 through 2009, Shah took down payments for short-sale home purchases.  Shah's real estate and broker's licenses were revoked by the state when allegations first arose in 2010. 

Read the story here and here.

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