Scam artist wipes out wealth, family legacies of Chicago’s elderly African-American homeowners

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We often warn you about scams and the potential they have to destroy your life.   Tonight, a follow up to a home repair scam we first told about last year. 

The Illinois Attorney General’s office says Mark Diamond has been running home repair contracting scams on elderly, African-American homeowners for more than 30 years. It sued and recently won a nearly 2.4 million dollar judgment against him.

But so far, it’s been a hollow victory.

No money has been recovered and because most of his victims had been tricked into taking out reverse mortgages, it set in motion a sequence of events that in many cases have led to people losing their homes.

As WGN's Tonya Francisco reports, his schemes have not only wiped out a significant amount of wealth in one community, they have also stolen many family legacies.

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