Founder of The Office Pile co-working space admits to defrauding 40 families in real estate scam

Phoenix Business Journal

The founder of a Phoenix co-working space and one of its companies has pleaded guilty to defrauding 40 families in a real estate scam, Arizona Attorney General Mark Brnovich announced today.

Francisco Aguirre, founder of The Office Pile and owner of Montecristo Properties LLC, pleaded guilty to one count of fraudulent schemes and artifices, one count of theft and two counts of forgery.

Under the plea agreement, Aguirre will spend seven and a half years in prison. He also has to pay $2 million in…

Source: Residential News