A key figure in a major Cleveland housing scam was sentenced Monday to five years in prison after an exclusive 5 On Your Side investigation exposed how investors were defrauded.
DALLAS - A tip from a newsnet5.com user led to an exclusive interview with a man investors claim played a key role in one of the largest foreclosure scams in Cleveland.
A 5 On Your Side investigation that first aired last March uncovered how a California-based company recruited investors to buy foreclosed homes in Cleveland--then abruptly closed its doors.
EZ Access Funding, based in Newport Beach, California, left behind 129 foreclosed homes in Cleveland and a trail of angry investors who claim those running the company vanished into thin air.
But now, thanks to a newsnet5.com user, one of the businessmen associated with EZ Access Funding was found in Texas where he gave NewsChannel5 an exclusive interview that will air Monday at 11.
Michael Alexander has been sought for more than two years by angry investors and a former business partner who claim he disappeared with millions of dollars.
It's not the first time that Alexander has disappeared.
Twenty-five years ago, court records show he vanished in North Carolina after his boat was found sunk off the coast.
He later pleaded guilty to insurance fraud.
The newsnet5.com user saw our exclusive series of reports detailing Alexander's role in the foreclosure scheme and provided key information on his whereabouts.
Our nationwide search began in southern California, then Philadelphia and onto to Dallas, Texas before finally catching up with Alexander outside an office complex where he has launched another business enterprise.
In our exclusive report, Alexander details what he knows about the alleged fraud, his role in the company -- and where the money wound up.
But Alexander denied any wrongdoing, but cut short the interview when asked about that North Carolina insurance fraud case.
"I don't want to talk to you anymore," said Alexander when pressed about details.
Watch Chief Investigator Ron Regan's story Monday night on NewsChannel5 at 11.
Sentencing abruptly delayed Monday in Cuyahoga County Common Pleas Court for key player in major foreclosure scam that ripped off investors across the country and left more than 100 homes in Cleveland abandoned.
Defendant accused in major foreclosure scam has pleaded guilty to theft and corruption charges following an exclusive 5 On Your Side investigation.
A defendant accused of ripping off investors and leaving behind a trial of foreclosed homes in Cleveland is telling a Cuyahoga County judge that he suffers from serious "mental" problems.
A California man accused of operating one of Cleveland's largest foreclosure scams refused to accept a plea deal on corruption charges Wednesday.
A California man accused of operating one of Cleveland's largest foreclosure scams may plead guilty to theft and corruption charges following an exclusive 5 On Your Side Investigation.
The subject of an exclusive 5 On Your Side investigation into widespread housing fraud in Cuyahoga County was flown from California to Cleveland Monday night to face indictment on fraud charges.
A California man indicted in a major Cuyahoga County foreclosure scam has been arrested at the Mexican border after failing to appear in court on a felony warrant issued by Cuyahoga County prosecutors.
A major housing fraud suspect has been arrested in California following an exclusive 5 On Your Side investigation.
New details are emerging following the indictment of a key figure in a major foreclosure case who confessed on camera to his involvement after an exclusive 5 On Your Side investigation.