New owner feeling effects as police investigate real estate comp - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

COPPERAS COVE

New owner feeling effects as police investigate real estate company

COPPERAS COVE, TX (KXXV) -

Copperas Cove police have an open investigation against a real estate company, and its new owner is feeling the effects.

Police say they're investigating Platinum Real Estate in Copperas Cove for taking contracts from people, taking the money and then not fulfilling the contracts. Police say they've identified 42 people in the case since June 18.

The new owner of the building, Rick Ott, says police came by Thursday morning to look for files. Ott says they took computers and files for their investigation. He says the company has been gone since April and he's been working out of the same building, under the same franchise ever since. The two previous owners have had their licenses suspended by the Texas Real Estate Commission.

Ott, who used to work under the owners as a real estate agent, says he was surprised when this all came out. However, he's now dealing with the fallout, with customers coming by wanting their money back.

"Still we've had a lot of people come in here demanding their security deposits and I have to set down here and tell people I stand behind the counter and I say well I don't have it, it wasn't me, you're here because of the building, that's why you're here," Ott said.

Ott says some people even come with police officers. He says the main problem is people still thinking his business is the same as the previous owners'. While he is under the same franchise as Remax and is in the same building, he does have a new business. However, people still see the building and remember.

"People post pictures online you know don't go here, what they don't realize is that yes that was true until April 21, I'm nothing like these people," Ott said.

Ott says he hopes this investigation doesn't tarnish the reputation of real estate agents and brokers. He says these people were just a couple of bad apples in the bunch.

  • NewsMore>>

  • Police trying to find driver in hit and run crash

    Police trying to find driver in hit and run crash

    Friday, April 21 2017 10:12 AM EDT2017-04-21 14:12:08 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    One man was injured after a car hit him late Thursday night. 

    More >>

    One man was injured after a car hit him late Thursday night. 

    More >>
  • N. Korean missile test fails hours after UN meeting on nukes

    N. Korean missile test fails hours after UN meeting on nukes

    Friday, April 28 2017 11:38 PM EDT2017-04-29 03:38:18 GMT
    Friday, April 28 2017 11:38 PM EDT2017-04-29 03:38:18 GMT

    China's foreign ministry has refused to confirm or deny U.S. Secretary of State Rex Tillerson's assertion that Beijing has threatened to impose unilateral sanctions on North Korea if it conducts further nuclear tests.

    More >>

    China's foreign ministry has refused to confirm or deny U.S. Secretary of State Rex Tillerson's assertion that Beijing has threatened to impose unilateral sanctions on North Korea if it conducts further nuclear tests.

    More >>
  • Congress settles for stopgap to avoid government shutdown

    Congress settles for stopgap to avoid government shutdown

    Friday, April 28 2017 11:38 PM EDT2017-04-29 03:38:11 GMT
    Friday, April 28 2017 11:38 PM EDT2017-04-29 03:38:11 GMT

    President Donald Trump seems destined to serve his 100th day in office without House passage of a Republican health care bill or enactment of a budget financing the government for the rest of this year.

    More >>

    President Donald Trump seems destined to serve his 100th day in office without House passage of a Republican health care bill or enactment of a budget financing the government for the rest of this year.

    More >>
Powered by Frankly