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Resource ID: #5663
Subject: Real Estate
Source: Advocate (Baton Rouge, La.)



Morning Advocate (Baton Rouge) details how hundreds of middle class workers and others lost millions of dollars after being lured into a real estate program; finds Louisiana Real Estate Equity Ltd. (LAREEL) promised investors their income taxes would shrink by signing loans in a "no-money-down, no-liability" program, Nov. 13-17, 1988.

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