Charles “Todd” Hill, ex-star of HGTV’s “Flip It to Win It,” was also ordered to pay $9.4 million to 11 victims.
LOS GATOS – The ex-star of HGTV’s “Flip It to Win It” show was sentenced Tuesday to four years in jail and ordered to pay $9.4 million for committing real estate and financial fraud against 11 victims, prosecutors said.grand theft charges
“Some see the huge amount of money in Silicon Valley real estate as a business opportunity,” District Attorney Jeff Rosen said in a statement. “Others, unfortunately, see it as a criminal opportunity – and we will hold those people strictly accountable.”Hill also created a Ponzi scheme in which he used funds supplied by an investor to buy homes to instead live lavishly, according to the district attorney’s office.
With a baby due in July, a South Bay couple searches for their first home. What could $1.5 million buy?Dear Abby: I was shocked to see myself in my nightgown on Facebook
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