Posted by Enelow Fraud on October 02, 2002 at 13:26:53:
Newspaper Article on Michael Enelow
Pittsburgh Post-Gazette City Briefs: 8/8/02
DUQUESNE HEIGHTS: Mail Fraud Charged
A Duquesne Heights man was indicted by a federal grand jury yesterday on 29 counts of wire and mail fraud in connection with a real estate advertising scam.
Michael R. Enelow, 61, placed advertisements in newspapers throughout the United States from 1995 through 2000 offering the opportunity to share in profit from a successful real estate business to anyone who would refer properties to him.
By lying about his financial resources and volume of real estate transactions, according to the indictment, Enelow enticed more than 1,000 respondents to give him up to $1,500 each for the right to join him in the business.
According to the FBI, Enelow depended on the payments to support himself while his true real estate dealings were insignificant.