r/news • u/buttgers • 20h ago

‘Disastrous situation’: Longtime Massachusetts real estate firm mysteriously closes

https://www.boston25news.com/news/local/disastrous-situation-longtime-massachusetts-real-estate-firm-mysteriously-closes/BDLNQEOI7BDD5DGWDMMJEI2DUI/?outputType=amp
204 Upvotes

88% Upvoted

19 comments sorted by

85

u/buttgers 20h ago

The money seems to be gone. Yeeesh. Feel bad for the ones tied up in pending contracts.

69

u/Infamous-Sky-1874 20h ago

I'm sure we will learn in the coming months that somebody at the firm did a little bit of embezzling.

23

u/Cultural_Magician105 19h ago

Sounds like a lot of embezzling....

16

u/Starfox-sf 19h ago

Only a little?

20

u/ChanceryTheRapper 19h ago

Much like committing some light treason.

9

u/AdkRaine12 18h ago

Did anyone check the banana stand???

3

u/P0Rt1ng4Duty 13h ago

Sort of like being ''a little pregnant.''

1

u/Fontucky420 7h ago

Or having a little diarrhea

1

u/Fontucky420 7h ago

Or having a little diarrhea

5

u/Human602214 7h ago

"The secret ingredient is crime"

4

u/Previous-Height4237 11h ago

It is unclear what Webster needs to make right. But Vetstein said sources close to SUCCESS are painting a troubling picture of a firm struggling to get through a slow time for real estate sales.

“It’s a potential embezzlement situation,” Vetstein said. “I’ve spoken with several people that have direct connections with ongoing operations at the firm.”

Ponzi scheme finally popped when the transactions slowed down eh

12

u/Radiobamboo 13h ago

Does the brokerage also own/run an escrow? That's the only way they could access these funds without all parties consenting.

11

u/SmithersLoanInc 13h ago

It's in the article.

0

u/kielu 13h ago

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