In this week’s episode of The Dark Side of Finance, CEO and co-founder of PAX Financial Group, Darryl Lyons, tells the astonishing story of Chimene Van Gundy, a woman who rose from extreme poverty and foster care to amass a multi-million-dollar fortune flipping mobile homes. However, her success story takes a dark turn as she becomes embroiled in a financial scandal that left hundreds of investors in financial ruin.
Key show highlights include:
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The incredible rags-to-riches story of Chimene Van Gundy, who built a $2 million fortune flipping mobile homes.
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An exploration of the lucrative but ethically murky mobile home industry and the financial strategies Chimene used to grow her empire.
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The unraveling of her scheme, leading to an $18.5 million fraud case that devastated 600 investors across the country.
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Insights into how deceptive practices and misrepresentations tricked investors into believing in a secure and profitable venture.
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Tips on how to avoid falling prey to high-return investment scams that target everyday people.
Tune into this week’s episode to uncover the dramatic rise and fall of Chimene Van Gundy and gain the knowledge necessary to protect your financial future. Keep your head on a swivel, and let’s navigate this dark side together. If you enjoyed the episode, share it with a family member or a friend!
References:
Investors allege San Antonio-area woman — the ‘Queen of Mobile Homes’ — is running a Ponzi scheme (expressnews.com)
SEC Sues New Braunfels’ “Queen Of Mobile Homes” for Fraud (therealdeal.com)
Prefabricated Facts: SEC Charges "Queen of Mobile Homes," Others for Years-Long Scheme | Insights | Holland & Knight (hklaw.com)
Chimene Van Gundy, Outstanding Real Estate Solutions, Inc., Michael Trofimoff, Santos Kidd, and Maria Tosta (sec.gov)
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Information
- Show
- PublishedOctober 4, 2024 at 1:19 PM UTC
- Length22 min
- Episode4
- RatingClean