
The estate agents who Victoria and David Beckham bought their Beverly Hills home from have been charged with fraud.
Kyle Grasso and Joseph Babajian were indicted on Thursday this week on multiple counts of conspiracy, bank fraud and loan fraud.
The pair 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 mansion, which they moved into this July.
Babajians 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.
And this makes sense because who wants to live in a $15 million or even $20 million mansion?
Source: “David and Victoria Beckhams Estate Agent Charged With Fraud” [showbizspy]