Crime & Safety

Real Estate Agent Charged With Scamming Investors Out of $500K

Non-existent building is believed to have been involved in alleged scheme.

—By Bay City News Service

An arrest warrant has been issued for a San Jose real estate agent charged with scamming victims in a deal involving a building in Modesto, prosecutors said Friday.

Amalek Elyassnia is wanted on 10 charges of grand theft filed by the Santa Clara County District Attorney's Office on April 22, Deputy District Attorney Katharina Wells said.

Prosecutors allege that Elyassnia scammed a number of people out of about $500,000 after persuading them to invest in a medical office building in Modesto that did not exist, Wells said.

The district attorney's office is urging anyone with information about where Elyassnia is to call District Attorney Investigator John Carrillo at 408-792-2977.

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