Arts & Entertainment
St. Charles County Woman Pleads Guilty to Real Estate Scheme
Ponzi-style scheme involved businesses in an office in Chesterfield, MO.
A St. Charles County woman plead guilty to a real estate scheme in which she used funds from potential buyers for her own expenses.
Daniela Spiridon, 42, plead guilty to six felony counts of wire fraud, according to a press release from the United States Attorney’s Office Eastern District of Missouri.
She was affiliated with several businesses from an office in Chesterfield, Missouri, which included A & AD Investments, LLC; CDRS ESC Investments; Sentrix Loan Production Office, and others.
Spiridon had potential buyers place deposits on the properties and told them she'd place the money in an escrow account, but she actually put the monies in a non-escrow account in one of her own companies.
The funds were used for personal expenses and to reimburse other buyers who wanted their money back rather than secure property.
Spiridon will be sentenced Jan. 9, 2014 and faces a maximum of 20 years in prison for each count of wire fraud and fines up to $250,000.
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