David Saks: Philadelphia EXIT Realty “Tri-State" Founder Charged With Ponzi Fraud

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Philadelphia EXIT Realty “Tri-State" Founder Charged With Ponzi Fraud

West Chester Woman Charged in Real Estate

Ponzi Scheme

U.S. Attorney’s Office October 16, 2014
  • Eastern District of Pennsylvania (215) 861-8200


Marie Mikesche Bontigao, 43,

of West Chester, PA,

was charged by indictment, unsealed yesterday, in a fraud scheme involving more than $2 million, announced United States Attorney Zane David Memeger. She is charged with wire and mail fraud.

Bontigao was a licensed real estate broker

who operated a franchise location of

EXIT Realty

in Philadelphia, New Jersey and Delaware and was the founder of the EXIT Realty “Tri-State Group: and “Tri-State Investment Holdings, Inc.” (T.R.I.H.I.).According to the indictment, between 2007 and 2013, Bontigao solicited individuals to invest in her real estate projects but, instead of investing the lenders’ money in real estate used the funds to operate her business and to pay personal expenses.

Bontigao allegedly

bilked these lenders

out of more than

$2 million.

If convicted, the defendant faces a maximum possible sentence of 80 years in prison, a three-year period of supervised release, and a $1 million fine.

The case was investigated by the Federal Bureau of Investigation. It is being prosecuted by Assistant United States Attorney Denise S. Wolf.

An Indictment or Information is an accusation.

A defendant is presumed innocent unless and until proven guilty.

This content has been reproduced from its original source.

David Saks

Time&Temp Memphis

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Comment balloon 5 commentsDavid Saks • October 16 2014 02:44PM


wow... interesting case.. $2million dollars!! 80 years in prison.. guess I'll stay poor ...HAHA

Posted by Sheila Newton Team Anderson & Greenville SC, Selling the Upstate since 1989 (Berkshire Hathaway HomeServices - C. Dan Joyner) over 5 years ago

David, It is never a good sign when we read about a real estate professional that is involved in fraud. 

Posted by Sam Miller, Knox County Ohio Real Estate Specialist (RE/MAX Stars Realty) over 5 years ago

David, Not a good thing. I just shake my head at times

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 5 years ago


Not a good situation for anyone . . . . it needs to be resolved quickey for the customers.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 5 years ago

David Saks  if guilty I hope they throw throw book at her . This is in my own back yard . These agents give us a bad name

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) over 5 years ago

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