Beckhams' Estate Agent Accused Of Fraud
The estate agents who sold VICTORIA and David Beckham their Beverly Hills, California home, have been charged with fraud.
Kyle Grasso and Joseph Babajian were indicted on Thursday (16Aug07) on multiple counts of conspiracy, bank fraud and loan fraud. They have been accused of doctoring paperwork submitted to banks to obtain loans at a larger amount than the homes cost.
The agents personally showed the British celebrity couple around the $24 million (GBP12 million) mansion, which they moved into last month (Jul07).
Babajian's lawyer says, "Joe and Kyle are innocent of these charges. They have always conducted their business lawfully. They look forward to vindicating themselves in court."