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Port Orange man warns others after falling victim to $100,000 scheme

Summary by WKMG
Bob Hovan, 77, of Port Orange, is sharing a painful lesson after losing more than $100,000 in a complex scheme involving a fraudulent stock buyback.He hopes his experience will help others avoid falling into similar traps.“It’s really a ton of money that’s gone,” Hovan said. “It’s just devastating. It’s been a nightmare.”Hovan was approached by a supposed real estate company claiming to represent his timeshare company, Diamond Resorts, which had…

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WKMG broke the news in Orlando, United States on Monday, January 13, 2025.
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