- Todd Hill, 51, known as ‘Mr. Flip It’ on HGTV’s Flip It to Win was jailed for four years and ordered to pay almost $10 million after being found guilty of fraud.
- Prosecutors were involved in multiple scams, including a Ponzi scheme.
The former HGTV reality show star was sentenced and ordered to pay nearly $10 million after being found guilty of fraud.
Todd ‘Mr Flip It’ Hill, who appeared on a show called ‘Flip It to Win It’, was jailed for four years and ordered to pay restitution of $9,402,678.43 to 11 victims.
He will also serve 10 years of probation after his prison sentence ends.
According to the Santa Clara County District Attorney’s Office, Hill, 58, was indicted in November 2019 after an investigation showed he had committed multiple frauds, including swindling investors’ money to finance his style of life.
On September 27, 2023, the scammer was found guilty of grand larceny against all victims and admitted to aggravated white collar crimes.
Todd ‘Mr Flip It’ Hill, who starred in a show called ‘Flip It to Win It’, has been jailed for four years and ordered to pay restitution of $9,402,678.43 to 11 victims.
On September 27, 2023, the scammer (left) was found guilty of grand larceny against all victims and admitted to aggravated white collar enhancements.
Prosecutor Oanh Tran said ABC7 that Hill’s multiple scams included a Ponzi scheme that affected 18 households in Silicon Valley.
“I think this is a major case of real estate fraud – there are 11 victims here who are still dealing with the consequences,” Tran said.
The district attorney’s office said he was able to go undetected while running the Ponzi scheme by taking an investor’s money intended to buy homes and instead using it to finance his lavish lifestyle.
To conceal the theft, Hill created false balance sheets and acquired loans using fraudulent information.
‘He took money from an investor with whom he founded a company, laundered the financial accounts over which he had complete control.
‘The point was to buy a house, remodel it and sell it for a profit, but he would take the money that was given to remodel the house and spend it on luxury cars, vacations and parties, as he himself has said.
“And to account for that, I would label it as construction costs,” Tran told the channel.
The district attorney’s office said he was able to go undetected while running the Ponzi scheme by taking an investor’s money intended to buy homes and instead using it to finance his lavish lifestyle.
Flip It to Win It was an HGTV reality show that featured “five teams of expert flippers” who “bid against each other on abandoned houses” that are then renovated and put up for sale.
To conceal the theft, Hill created false balance sheets and acquired loans using fraudulent information.
Max Keech, one of Hill’s victims (pictured), lost around $6 million after the fraudster submitted fraudulent invoices and manipulated financial records to embezzle money from him.
Max Keech, one of Hill’s victims, lost about $6 million after the scammer submitted fraudulent invoices and manipulated financial records to embezzle money from him, according to The news from Mercury.
Prosecutors further said in a news release that one of the victims had provided $250,000 for the renovation, but instead, they found the property burned to the ground without any work having been completed.
According to court documents, most of the scams occurred in 2013.
“Businesses were closed and one victim lost their home, so the consequences of their fraud are far-reaching and cover various aspects of life that these victims are still dealing with,” Tran added.
Flip It to Win It was an HGTV reality show that featured “five teams of expert experts” who “bid against each other on abandoned houses” that were then renovated and put up for sale.
It aired for two seasons from 2013 to 2014.