Scam: #15980

Scam Alert

Business

ScamVictim2012
Submitted: 05/11/2013
Severity: 10
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Jonathan Bolourchi

REAL ESTATE SCAM ARTIST! STAY AWAY!

Los Angeles, California, 90210

I had the displeasure of being scammed by this real estate broker. This guy has no business holding a brokers license. First of all, he hired me to find him short sale listings and never paid me when he said he would. Furthermore, he buys his own short sale listings under his father's (Mike Bolourchi) fiancées name, Shadi Jamshidi, which is a serious violation of the law. He buys his own listings (illegal) and flips them. He also refuses to pay employees that he strings along and lies to. Overall, this is one of the shadiest people you will ever meet. Never trust him, lend him money, or do business with him ever. Pretty soon, he will lose his brokers license due to all the illegal and unethical activities he is engaged in.

I have even attached a picture of him so you can stay away from him at all costs!

Scam Images

REAL ESTATE SCAM ARTIST! STAY AWAY!

Comments

AntiScam111

Submitted: 05/11/2013

It's true. I am a Real Estate Agent and it's finally about time that someone reports Jonathan Bolourchi. I have personally placed several offers on some of his listings at above asking price and never received so much as a returned e-mail or phone call. I always wondered why I never heard anything back but it all makes sense now. For this broker to buy his own listings under a relative's name now makes things clear to me. I would highly encourage anybody in the real estate profession (whether it be agents, buyers, or investors) to not only stay away from Jonathan Bolourchi, but to report him to the Department of Real Estate. It is people like Jonathan Bolourchi who deny honest, hard working people the opportunity to buy short sale listings by keeping them from the public. I was one such person who was denied a chance to submit an offer because he buys his own listings under a different name.