Real Estate Scammer Danial Howe Forced to Cash Out Crypto to Pay Back Victims | Live Bitcoin News

A
real-estate
flipper

and
crypto
scammer

named
Danial
Howe
has
been
forced
by
Iowa
regulators
to
cash
in
his
crypto
savings
to
pay
back
a
couple
he
victimized.
The
Torics
are
from
the
European
nation
of
Bosnia
and
have
been
calling
Iowa
their
home
for
the
past
several
years.
Not
long
ago,
the
couple
was
facing
foreclosure
due
to
financial
problems
caused
by
growing
medical
issues.

Danial
Howe
Loses
His
Crypto
Following
Real
Estate
Scam

Iowa
attorneys
representing
the
couple
were
able
to
use
an
old
rule
from
1945
to
force
the
scammer
to
cash
in
on
his
crypto
and
pay
them
back
after
he
allegedly
stole
their
home.
Alex
Kornya

litigation
director
for
Iowa
Legal
Aid

explained
in
an
interview:

It’s
definitely
a
feel-good
story.
Our
clients
were
in
dire
straits,
and
they
had
really
been
just
scraping
by…
We
had
to
come
up
with
something,
and
it
worked.
The
court
allowed
him
to
sell
the
cryptocurrency
and
he
did
that.

The
trouble
stems
back
to
September
2020
when
Howe
approached
the
Torics
and
offered
to
rescue
them
from
foreclosure.
The
couple
was
suffering
from
health
problems,
which
limited
their
financial
prospects
and
took
a
toll
on
their
home.
At
that
point,
Howe
owned
a
custom
motorcycle
and
auto
parts
firm
that
was
dealing
with
approximately
20
separate
client
complaints
per
documents
filed
with
the
Iowa
Attorney
General’s
office.

As
a
means
of
escaping
the
complaints,
Howe
sought
to
change
his
career
path
to
one
that
focused
on
real
estate,
and
it
looks
like
the
Torics
may
have
been
early
victims.

Through
a
series
of
YouTube
videos,
Howe
pitched
himself
as
a
man
who
could
flip
homes.
He
said
he
was
looking
to
purchase
foreclosed
homes
or
properties
that
were
close
to
being
repossessed.
According
to
attorneys
arguing
against
Howe,
what
he
instead
did
was
trick
the
Torics
into
signing
over
the
deed
of
their
home
and
strip
away
the
equity
they
had.

Several
Homeowners
Were
Targeted

The
Torics
are
among
14
separate
homeowners
that
fell
victim
to
Howe’s

scam
.
Their
story
is
particularly
heart-wrenching
given
that
they
had
previously
lost
their
first
home
in
the
Bosnian
War.
The
experience
proved
too
stressful
for
Muniba
Toric,
one
member
of
the
couple,
who
wound
up
in
the
hospital
for
nearly
half
a
year
as
a
result.
In
an
interview,
she
said:

I
stayed
four
months
in
the
hospital.
When
I
woke
up,
I
couldn’t
walk
with
my
own
feet,
and
to
this
day,
I
still
can’t
walk
properly.

After
a
judge
found
Howe
guilty
of
violating
Iowa
laws
designed
to
protect
homeowners
against
fraud,
it
was
discovered
that
he
had
a
large
crypto
stash
to
his
name.
Howe
was
then
forced
to
cash
out
that
crypto
to
pay
back
the
couples
he
had
wronged
so
they
could
purchase
new
properties.

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