Case File
Financial Guru Gone Bad
- The Real Estate Guru
- Troy Titus preaches the gospel of easy money in real estate. He claims to be all things to all people. If you've got some assets to invest, he promises to make you rich. If you're broke, he can make you whole. But Titus is weaving a tale of deception.
- The Victims
- Teddy Riley believes in Troy Titus. Riley is an award winning record producer. He's worked with Michael Jackson and the hit group "Blackstreet." But, by 2005 Riley owes millions and creditors put a lien on his house. He believes Titus can help him with a bailout plan.
- The Scam
- Titus cuts deals left and right. Unknown to his clients, he's applying a unique process he calls "controlled foreclosure" -- a complicated way to acquire real estate. Titus is using other people's cash, credit and collateral to make himself rich.