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Real estate broker loses license in flipping cases
(THE BUFFALO NEWS) - Investigators described him as an elusive businessman who sometimes evoked religion to win over clients that he later scammed through unethical real estate and property management ploys.
The state revoked James M. Graham’s real estate broker license as part of a consent decree that saw him admit to fraudulently flipping properties and committing other unscrupulous acts in Erie, Niagara and Monroe counties.
Officials from the Mayor’s Anti- Flipping Task Force said the action sends a loud message to other shady real estate investors and property managers.
“You don’t want to mess with Buffalo when it comes to fraudulent and scamming type of activity,” said Assemblyman Sam Hoyt, D-Buffalo, co-chairman of the task force.
Investigators said Graham is a Rochester-area businessman who also operated from an office in the City of Tonawanda. The state revoked Graham’s license following an investigation that was triggered by complaints involving a Rochester company called Genesis REI.
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