Infinite Properties’ Trial: Victim Urges Others to Contact FBI

5 years 4 months 1 week ago Tuesday, May 23 2017 May 23, 2017 May 23, 2017 7:23 PM May 23, 2017 in News

MCALLEN – A federal agency is offering help for victims of an alleged fraudulent home financing company.

A CHANNEL 5 NEWS investigation uncovered slew of allegations against Infinite Properties, a company accused of requesting payments up front for a home.

Tuesday marked the fifth day of the company’s trial. Three suspects are accused of taking thousands of dollars from people looking for their dream home.

We know witnesses and victims are scattered across the U.S. from Oregon to the Rio Grande Valley.

A victim of Infinite Properties told CHANNEL 5 NEWS she recently got a letter from the Federal Bureau of Investigation. She said she wants to let others know there is help out there.

Resident Rita Castillo said she met the co-owner, Luis Rodriguez, at the Me In 3D shop in McAllen.

The business has since been closed.

“I wouldn’t wish this on anybody… We told them, you know, ‘Let me go through the bank,’ and he said it was one of their properties and that they had a private investor that would be close; that would finish closing faster if we went through that and he took us to Infinite Properties,” she said.

Castillo said the company made her believed she owned her new house.

“We did the contract and I gave him the $8,000 in cash. We did the work inside the property as well,” she said. “We were given the code to go in the house and we started painting the living room, kitchen and the bedrooms. We even had stuff in the storage rooms.”

But Castillo said the closing date for the house never came.

“I found out because the closing date on the contract already passed. So, I kept calling the realtor and he said they were still working on it and they were waiting for the funds to close,” she said.

The new homeowner said the loss of thousands of dollars caused her to downsize her business. She said she finally filed a report with police in search of answers.

“The last time I called the detective, he gave me the name of the investigator for the FBI and that I should contact him, which I did. And then they didn’t even have me on the list of victims and they got my information, my mailing address and stuff. Then I got the letter from the FBI,” she said.

Castillo said the letter provided her a pin, password and information about the FBI’s victim assistance program.

“At least I know they’re going something. She did advise me that depending – because of the amount of victims there was – if they collected any money, that it was going to be split among everybody and we might be getting $10 a month,” she said.

Castillo said she wants others to contact the FBI.

“Get yourself on that list if you’re not, and you can get at least updates on what’s going on… Hopefully, we can get some type of help,” she advised.

Castillo said she will wait and check her email for more information as the trial continues.

The FBI’s victim assistance specialist told Castillo more than 100 victims are on the list.

CHANNEL 5 NEWS also found more than 100 witnesses, including the FBI and several Valley officers and victims are on the five-page federal document.

In January of 2017, the Department of Justice U.S. Attorney’s Office arrested two people on federal wire fraud charges.

We also found out if the suspects are convicted, Castillo and many others stand to lose their homes.

Anyone believed to be a victim in the case is urged to contact the nearest FBI office as soon as possible. The McAllen office can be reached at 956-984-6300.

Count on us to keep track of the trial and bring you the very latest.

Link: FBI Financial Crime and You

Link: FBI Rights of Federal Crime Victims

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