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Mark Diamond

Housing

After years of scamming black homeowners, Mark Diamond finally charged

By Curtis Lawrence | May 31, 2017

The businessman who feds say defrauded elderly women, mostly on the West Side, out of millions in a reverse mortgage scheme will remain jailed awaiting trial.

Housing

Elderly black homeowners await restitution for reverse mortgage scam

By Curtis Lawrence | March 3, 2017

Despite a court order for victims to be compensated, many have yet to see the money they lost to Chicago businessman Mark Diamond’s scheme.

Housing
Clyde Ross

Judge orders compensation for elderly black victims of reverse mortgage scam

By Jeff Kelly Lowenstein | January 28, 2016

Advocates want to see Mark Diamond face criminal charges and be put out of business permanently, while other black homeowners he targeted hope to obtain restitution soon.

Housing

New law targets reverse mortgage scams

By Jeff Kelly Lowenstein | August 12, 2015

Elderly homeowners on the South and West Sides have been victimized by schemes that put them at risk of losing their homes.

Housing

Judge shuts down businessman accused of scamming black homeowners

By Adeshina Emmanuel | June 18, 2015

Mark Diamond has been the subject of mortgage-related lawsuits for decades, as a Reporter investigation revealed earlier this year.

Housing

FBI targets businessman accused in scam of elderly black homeowners

By Jeff Kelly Lowenstein | March 23, 2015

Federal agents carried out a search warrant Thursday at the Logan Square offices of Mark Diamond, a Chicago businessman accused of a reverse mortgage and home repair scheme that targeted elderly black homeowners on the city’s West and South Sides.

Housing

Elderly on West and South Sides targets of reverse mortgage scheme, say advocates

By Jeff Kelly Lowenstein | January 29, 2015

Dozens of elderly African-Americans on the South and West Sides say they were victims of a reverse mortgage scam that left many with fees they couldn’t afford and incomplete, shoddy repairs.

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Founded on the heels of the civil rights movement of the 1960s, The Chicago Reporter confronts racial and economic inequality, using the power of investigative journalism. Our mission is national but grounded in Chicago, one of the most segregated cities in the nation and a bellwether for urban policies.

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