$66 Million in Losses, 345 Investors Impacted: A Real Estate Fraud Case That Shook Texas

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$66 Million in Losses, 345 Investors Impacted: A Real Estate Fraud Case That Shook Texas

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When:
February 19, 2026 ยท 8:23 PM
Source:
Millers Professionals Co.

A recent case in the U.S. real estate market has once again brought a critical issue to the surface: trust. Devin Elder, a real estate entrepreneur based in San Antonio, Texas, pleaded guilty to federal wire fraud charges involving approximately $66 million. San Antonio, located in the southern region of Texas, has experienced steady growth in residential and commercial real estate, attracting private investors seeking structured development opportunities. The case was covered by The Real...

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