McCann highlighted the fact that Shustek’s funds and Bradford’s property firms purchased and offered the same six Las Vegas business buildings three times between 2013 and 2016. The third transaction resulted in a $9.2 million loss for private moneylender investors in Shustek’s two Vestin funds, excluding commissions and closing costs, the report acknowledged. Shustek created Vestin Mortgage Realty I and II funds within the 2000s to invest in mortgages.
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