Has Michael Strauss, accused of fraud, found a way to profit from mortgages?

Michael Strauss is an infamous investor whose criminal activities have been well documented. He has been accused of fraud, embezzlement, and even money laundering. But what is the latest news about him? Is he still up to no good? Or has he found a way to profit from mortgages?

Background on Michael Strauss

Michael Strauss is a former hedge fund manager and real estate investor from New York. He rose to fame in the early 2000s when he was accused of fraud and money laundering in connection with a real estate venture. He was convicted of multiple counts of fraud and ultimately sentenced to five years in prison.

Since his release from prison, Strauss has kept a low profile. He is believed to have moved to Florida and has not been seen in the public eye since. However, recent reports suggest that Strauss may be up to his old tricks.

Strauss’s Latest Venture

Strauss is believed to have gotten involved in the mortgage industry. Reports indicate that he has been actively buying and selling mortgages to investors. He is also said to be offering advice to investors on how to make a profit from mortgages.

The specifics of his investment strategy are unclear, but it appears that he is taking advantage of the current market conditions. He is reportedly buying mortgages at a discount and then reselling them at a higher price.

The Potential Risks

The potential risks of Strauss’s investment strategy are unknown. It is possible that he is taking on too much risk or that he is engaging in unethical practices. It is also possible that he is simply exploiting the current market conditions to make a quick profit.

The most concerning aspect of Strauss’s investment strategy is that he is reportedly providing advice to investors. If he is engaging in unethical or illegal practices, he could be putting his clients at risk.

The Pros and Cons

The potential pros and cons of Strauss’s investment strategy need to be carefully considered. On the one hand, he could be making a quick profit from the current market conditions. On the other hand, he could be taking on too much risk or engaging in unethical practices.

It is important to remember that Strauss is a convicted criminal and his investment strategy should be approached with caution. If investors choose to work with him, they should be sure to do their own research and understand the risks involved.

Conclusion

Michael Strauss is an infamous investor with a history of criminal activity. He is believed to be involved in the mortgage industry, buying and selling mortgages to investors. The potential risks and rewards of his investment strategy need to be carefully considered. While he may be making a quick profit from the current market conditions, he could also be taking on too much risk or engaging in unethical practices. Investors should be sure to do their own research and understand the risks involved before working with Strauss.