Police Arrest Second Suspect in Connection with Real Estate Scam

Staff Report
NewsWest 9

MIDLAND - Midland Police say the second man wanted in this case has turned himself in.

Marcus Rosenberger turned himself in around noon on Wednesday.

This comes after an on going investigation by police.

Rosenberger and James Morrison, both with Vanguard Properties, are accused of defrauding several homeowners.

Detectives say the men bought the homes from the residents.

Under the agreement, they were supposed to pay the homeowner's back mortgages and take over the loans.

But police say the suspects re-sold the homes and pocketed the cash instead.

Before our story aired on Tuesday, only four people had come forward, saying they were victims of the scam.

On Wednesday, an additional seven people have filed a report with police saying they were also scammed.

If you feel like you've been a victim in this case, police are urging you to contact them.