Barry Landreth, a business professor who taught real estate finance and
development at the University of Southern California was arrested Friday on charges of swindling students and others in a real estate fraud. An FBI affidavit said Landreth stole at least $1.5 million in the first 10 months of 2005, telling students and other investors he would buy land in Chicago and Las Vegas and then
sell it for large profits. Instead, he transferred all the money into his personal account without buying the land.
Will this be on the final?
If found guilty he will be sentenced to six years of having to sit through presentations for time-share deals in Florida.