Milwaukee area real estate agent charged for trying to get kickback
Larry Lupton of UGL Equis Corp has been charged with wire fraud and corruptly soliciting an improper payment for seeing a $75,000 kickback. He was offering confidential bid information related to the sale of a $30 million building, and wanted a kickback of $75,000.
UGL was the exclusive agent selling properties owned by the state of Wisconsin. A Chicago real estate broker notified investigators that Lupton had solicited a bribe from him in connection with the sale of one building. It is alleged that Lupton told the broker that five agents had made offers for the building and two of them included kickbacks as a percentage of the sale. He said he was looking for a quarter-point, which would have been $75,000 on the building. Lupton also gave the Chicage real estate agent another bidder’s offer, so that the Chicago agent could give a better bid.
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