Condo Investment Scheme Ends With A September Trial Date
For people who invested their cash with California real estate agent Celia Gallardo, the deal looked too good to be true. And it was, federal prosecutors now say. Gallardo, 42, allegedly promised 100 percent returns in 30 days on a short-term condominium investment venture, Northridge Patch reported. But it all allegedly fell apart, with Gallardo taking about $1 million from investors and never making good on her promises of high returns. Now, the resident of North Hills, Calif. faces a 16-count criminal indictment and is scheduled for trial on Sept. 4, Patch said.