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Convicted Real Estate Fraudster Victorino Noval is Being Sued

TV Mix is reporting that previously convicted fraudster Victorino Noval may be in trouble once again with criminal charges also being filed. The man the Hollywood Reporter called “An amiable ex-con with a killer Rolodex” is being sued for fraud over a $5 million payment to entertainment consortium The Hills Settlement that was part of the purchase of his home at 1141 Summit Drive in Beverly Hills, CA.

Victorino Noval Real Estate Con

Victorino Noval

Victorino Noval was in trouble previously in the 1990’s over an elaborate $60 million dollar real estate scheme in Los Angeles, involving overly inflated cheap apartment buildings, and low-income buyers with HUD loans. TV Mix reports that Noval copped a plea for tax evasion and mail fraud rather than face stiffer charges.

In 2012 District Attorney Candidate Alan Jackson’s political career was damaged because of his association with Victorino Noval, according to this article by L.A. Times.

Noval next appears in public as part of the ill fated Vinyard Project in Los Angeles–a property that Noval uses it to to throw charity parties for his Victor Noval Foundation–which is not registered anywhere as a non-profit. A charity party led by Rihanna is said to be fuming that they never received any money. After hearing about another party at the vinyard, the investigative reporter Mary Cummins wrote, “Is this a scam? Victor doesn’t own or have control over the Vineyard. The last party they had there was a dump with porta potty problems and bad food. Do they even have a permit?” Read more from Cummins on her blog here.

Cummins also reports that another huge judgment against Victor Noval is in process. “Kyle B Rowe v. Gary Noval et al. Any property owned by Victor Noval and his new wife Hannah Fenwick Noval can be seized. They can also seize any property or asset Victor Noval is hiding in the name of his son Franco Victor Noval. Victor transferred a lot of property to his son for this reason. Victor realizes his son could go to prison for hiding assets yet he doesn’t care. This judgment is only for about $1M. Meanwhile Victor and his wife keep buying expensive things, going on expensive vacations, riding in expensive vehicles… They even admit they are buying all of these things. Karma is catching up with this convicted criminal.”

The fact that the home on Summit Drive is listed as being owned by the Noval Foundation, according to The Real Deal, just makes it more likely it will be seized when the whole house of cards comes tumbling down.

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