Jeanine Searcy, the CEO of Black Ladies in Actual Property, has come underneath hearth, accused of defrauding a number of Black girls out of tons of of 1000’s of {dollars}. This, allegedly, by fraudulent actual property teaching packages and funding initiatives. Moreover, buyers allege that they had been promised excessive returns on dwelling flips. However as an alternative, they solely acquired lacking funds and damaged contracts.
Now, these girls are sharing their tales and the authorized battle that now lies forward.
The Shade Room’s Justin Carter is stepping into it on ‘TSR Investigates.’
Extra On The Atlanta Dwelling Flipping Fraud Allegedly Involving The CEO of Black Ladies in Actual Property
In response to Carter, New Jersey resident Tara Jenkins spent $25,000 on eight digital actual property programs with Atlanta-based Jeanine Searcy. Per Jenkins, Searcy reportedly helped her and her husband acquire $120,000 in enterprise credit score. With this, they reportedly began on their journey of actual property flipping — or in order that they thought.
Per Jenkins, Searcy approached her a couple of “private deal” in Atlanta, questioning if she’d wish to get entangled. Finally, Jenkins agreed and reportedly invested $90,000 into the home flip. Then, in March 2024, Jenkins says she visited the positioning with out Searcy, and the situation regarded untouched. This reportedly raised a pink flag for Jenkins, who anticipated the property to be renovated inside 6 months. Moreover, Jenkins anticipated to recoup her preliminary $90,000 funding together with a $90,000 revenue.
Extra On Jeanine Searcy Being Accused Of Fraud
By Could 2025, Jenkins was “out of cash” to put money into the still-uncompleted challenge. She needed to exit the contract. Nonetheless, she says, so far, Searcy has but to pay again her preliminary funding. However Tara Jenkins isn’t alone.
Scroll above to look at as Tennessee resident Charlotte Walcott and Georgia resident Lakesha McClenton element their alleged experiences with Jeanine Searcy. Moreover, with one expertise allegedly involving a house that was bought and burned down unbeknownst to them each. Ashley Wilson, a South Carolina resident, additionally particulars her expertise with Searcy and the way she’s allegedly nonetheless ready for her return after investing $60,000 in a Chicago challenge. Lastly, Carter even shares a public assertion from Jeanine Searcy herself.
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