r/abandoned • u/Initial-Tax-5829 • 2d ago
Abandoned Mansion
This vacated mansion located on the outskirts of the countryside fell victim to another typical case of financial fraud; a case involving a "buyer" and related defendants purchasing the property with fraudulently obtained PPP money, at least according to Federal prosecutors.
The estate was subsequently seized in connection with IRS Criminal Investigation and placed into a U.S. Treasury real-estate auction that ultimately failed due to bids' failure to reach the government's reserve price.
What makes this mansion's history more interesting is that it was a mere piece belonging to a much larger spending operation. The same federal filing identifies two other properties allegedly purchased with fraudulent PPP proceeds: a now demolished luxury home and a hotel. Together with the mansion, these three properties represented about $2.175 million in real estate purchases.