Home / General / Owner of failed Philly real estate firm ABC Capital fined $350k by AG

Owner of failed Philly real estate firm ABC Capital fined $350k by AG

A former CEO behind an $82 million real estate investment scheme in Philly – which investors later described as a “scam” – was fined for violating the terms of a 2024 Pa. Attorney General settlement.

Editor’s note: An earlier version of this story included a photograph of a woman who had been a victim of the scheme and she was identified as such in the caption. The photo was removed because the juxtaposition of the headline and the image made it … [4356 chars]

Source: The Philadelphia Inquirer | Published: 2025-11-25T20:21:25Z

Credit: The Philadelphia Inquirer

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