C
Caleb David
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Sep 9, 2026
Real Estate Market Cycles, Stricter Due Diligence, and AI Listing Fraud
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38:52speaker_1ADVERTISER
Your story, our expertise, together we'll create magic.

Caleb DavidGUEST
From AP News: Ex-Brooklyn judge accused of swindling real estate investors out of millions of dollars.

Caleb DavidGUEST
Uh, Judge Edward Harold King, uh, and another guy, call him Sam, tough name to, to pronounce.

Caleb DavidGUEST
Uh, [laughs] uh, so this, this judge was using his position to, to convince investors to place six and a half million dollars into an escrow account tied to a fake commercial property, uh, that was in New Jersey.

Caleb DavidGUEST
So, uh, apparently immediately, even though they said th- this money was going into an escrow account, a bunch of money got transferred into this other guy's account right away, and then used it for whatever.

Caleb DavidGUEST
Um, and then says, authorities said only 1.5 million was later returned, leaving millions missing, so yeah.
Commercial Lease Mistakes That Can Cost You $100K | Caleb David
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9:52Joseph DroomsHOST
But how do you make them hone in on those things? And can you name a few of them that people may fall into a trap?

Caleb DavidGUEST
I mean, just because you see a property and you think it's gonna be good for your business doesn't mean that it is.

Caleb DavidGUEST
If you are going into a place that is zoned for a restaurant and you're wanting to open up a car lot, those are completely two different zonings.

Caleb DavidGUEST
So if you go in and you sign a lease, and the zoning doesn't work, and the city finds out, they're coming to shut you down because you can't operate that way, and you're stuck now in a lease that you are not only corporately but personally obligated to.

Caleb DavidGUEST
I tell my clients all the time, if you have a question and you think it's stupid, please ask it.
5 MINS LATER
May 2026 • Drop. AI Agents. Terror. Abundance!
38:59
39:07
39:15
39:32
39:47
S
38:52speaker_6ADVERTISER
Your story, our expertise, together we'll create magic.

Caleb DavidGUEST
From AP News: Ex-Brooklyn judge accused of swindling real estate investors out of millions of dollars.

Caleb DavidGUEST
Uh, Judge Edward Harold King, uh, and another guy, they call him Sam, tough name to, to pronounce.

Caleb DavidGUEST
Uh, [laughs] uh, so this, this judge was using his position to, to convince investors to place six and a half million dollars into an escrow account tied to a fake commercial property, uh, that was in New Jersey.

Caleb DavidGUEST
So, uh, apparently, immediately, even though they said th- this money was going into an escrow account, a bunch of money got transferred into this other guy's account right away, and then used it for whatever.

Caleb DavidGUEST
Um, and then says, authorities said only 1.5 million was later returned, leaving millions missing, so yeah.
