Crime & Safety
Twin Cities House-Flipper Defrauded $3 Million From Investors: Feds
Suzanne Griffiths, who lives in Arizona, pleaded guilty to one count of wire fraud and one count of money laundering in federal court.
MINNEAPOLIS — A Twin Cities house-flipper has admitted to defrauding real estate investors out of more than $3 million, U.S. Attorney Andrew M. Luger announced Thursday.
Suzanne Griffiths, 46, pleaded guilty to one count of wire fraud and one count of money laundering.
A sentencing hearing has not been scheduled. Griffiths currently lives in Arizona, authorities said.
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According to investigators, Griffiths was active in the house-flipping community and pitched her own Minnesota-based house-flipping businesses, which were:
- Level 5 Properties, LLC
- 45 North Investment Properties, LLC
- Our Town Properties
In one instance — in November 2018 — Griffiths solicited a $100,000 investment from an investor to finance the renovation of a property, investigators said.
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Griffiths told the investor they would hold the second position on the mortgage and assured them that the proper mortgage documents had been filed, according to prosecutors. However, Griffiths never actually filed the documents and the investor lost their money, authorities said.
Griffiths conducted similar schemes from 2018 through 2020, according to prosecutors.
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