Compare Listings

DHP Investments in court

If you are involved in the real estate industry in any shape or form in the St. Louis area, there is a good chance you have heard of DHP Investments, and Doug Hartmann. If you’re a real estate investor there is also a good chance you were swindled by him or might have have purchased one his many foreclosed properties. Fraud doesn’t go far enough in describing what this guy did.

Of course, none of this is news since it’s been a widely known fact since 2007. What is newsworthy is the fact that just last week, Robert Douglous Hartmann pleaded guilty to the mail and tax fraud charges, which are tied to his infamous schemes. He will face up to 24 months in jail and up to a $1.5 million dollar fine when he is sentenced in June. Hopefully they throw the book at him as he scammed hundreds of investors with phony real estate deals on houses and multifamily buildings throughout the St Louis area. It will be interesting to see what kind of punishment they give him.

For a more detailed writeup, check out Chad Garrison’s piece over at the Riverfront Times.

img

Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

Related posts

Mills DeBalieviere Place portfolio sells

The 123 apartments and commercial tenants of Mill Properties real estate portfolio in the...

Continue reading
Matt Kastner
by Matt Kastner

“Notice of Intended Sale” filing a must

If you are a real estate investor in the State of Missouri who rehabs homes for resale, read...

Continue reading
Matt Kastner
by Matt Kastner

HUD policies pushing out investors?

Following the blueprint set by Fannie Mae in late 2009, the United States Department of Housing and...

Continue reading
Matt Kastner
by Matt Kastner

6 thoughts on “DHP Investments in court”

  • Doug Hartmann gets two years | Threshold Investment Properties

    August 7, 2009 at 9:55 am

    […] DHP Investments in court […]

    Reply
  • Doug Hartmann Sr CPM CCIM

    April 27, 2010 at 12:40 pm

    What a small world, I’m a Real Estate Broker in Illinois since 1978.
    I’ve been Past President of the Edwardsville-Collnsville Board of Realtors, (now Greater Gateway Assc)Realtor of the Year TWICE, served on many local, state & national committees.

    Reply
    • Matt Kastner

      April 27, 2010 at 1:27 pm

      Small world indeed. If you happen to have any real estate dealings in St. Louis, I would remind those you encounter that you are not your name doppelganger.

      Reply
  • suitestl.com » “Notice of Intended Sale” filing a must

    April 25, 2011 at 12:14 pm

    […] th&#1077 rise &#959f development scams &#1110n th&#1077 2000′s b&#1091 folks such &#1072&#1109 DHP Investments f&#959r th&#1077 need f&#959r such changes. Fron th&#1110&#1109 point &#959n, failing t&#959 file […]

    Reply
  • suitestl.com » Pestalozzi Place apartments completed

    May 11, 2011 at 3:39 pm

    […] title-holder t&#959 title-holder &#1110n th&#1077 early 2000′s, including th&#1077 infamous DHP Investments, th&#1077 seemingly unwanted 16-unit apartment complex &#1072t 3021 Pestalozzi w&#1072&#1109 […]

    Reply
  • suitestl.com » 3201 Lafayette rehab progressing in the Gate District

    May 31, 2011 at 8:21 pm

    […] th&#1077 Gate District Neighborhood, seems t&#959 b&#1077 progressing nicely. Another former DHP Investments property finally getting a long-awaited rehab, Metamorphi Development &#1110&#1109 well underway […]

    Reply

Join The Discussion