# Real Estate Scam That Broke Investors

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/real-estate-scam-that-broke-investors
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/real-estate-scam-that-broke-investors.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-06-26T14:37:06+00:00
Episode link: https://api.fastcast.ai/audio/3a9baa64-8263-4f60-9367-0aba886b9c3f.mp3
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Duration seconds: 113

## Resource

A married couple, Janalie Bingham and Jean Joseph, got slammed with prison time for running a $56 million real estate scam that turned out to be a Ponzi scheme—using investor money to pay earlier backers and funding personal expenses. Joseph got 20 years, Bingham four, both pleading guilty to fraud. Their firm inflated property values and sold unregistered promissory notes, with one radio host allegedly pushing the scam on air and social media. Joseph pocketed nearly half a million in commissions despite promising none. Investors lost retirement savings, and the fallout keeps expanding—with a new civil suit targeting a key player in the scheme. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/4c55b4bdc650cdf1

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