Real estate investor pleads guilty to criminal charges for falsifying his federal income tax returns
Los Angeles — An Orange County house flipper who admitted to misappropriating investor funds pleaded guilty today to two federal tax charges for concealing his income. Scott Weidenhammer of Laguna Hills, pleaded guilty to two counts of subscribing to a false income tax return. According to his plea agreement, between 2010 and 2015, Weidenhammer conducted a "house-flipping" operation by which he would buy, renovate, and sell high-end homes. Weidenhammer solicited money from investors, promising to use the funds as working capital for his house-flipping operation. Instead, he diverted funds ...
Source: irs.gov