Celebrity Realtor’s FBI Fraud Investigation & Bigoted Claims

Realtor Joe Babajian with Photo of Home of Candy and Aaron Spelling

One would hope that if he or she was buying upscale properties and paying a realtor a hefty commission, one’s transactions would go smoothly without any problems.

However, Beverly Hills area celebrity real estate agent Joe Babajian seems to be accused of not understanding the concept.

Former acquaintances of Babajian have taken to the Internet to expose some scandalous practices including bigotry, racism and an FBI fraud investigation.

He has worked with “Selling LA” reality TV show realtors, such as Valerie Fitzgerald and her staff.

Also, Babajian showed a listing to Kim Kardashian’s brother Rob on the recent season of “Keeping Up with the Kardashians.”

He works occasionally with Paris Hilton’s aunt Kyle Richard’s husband Mauricio Umansky from “The Real Housewives of Beverly Hills.”

“Joe Babajian was acquitted of thirteen counts of fraud after an extensive FBI investigation but the jury was unable to unanimously decide whether or not he was guilty of eight more counts of fraud, so Joe Babajian was only convicted of a misdemeanor for illegally accepting money in real estate transactions,” wrote one acquaintance named Dave Sussex on LittleBiggy.org. “Joe Babajian argues that his business partner, Kyle Grasso, orchestrating all of the fraudulent deals even though Joe Babajian profited from these deals.

“I agree with the other commentators here that Joe Babajian does not have the client’s best interest in mind. In fact, I have heard Joe Babajian many, many times speak poorly of Asians and Persians – not just a person who happens to be of Asian descent or Persian descent but of entire groups of unnamed people. Joe Babajian has said several times that Asians are dirty and live in filth. Joe Babajian says Persians are tasteless and have ruined much of Beverly Hills. Oh what one hears at the same gym as Babajian and living in the same small town. I also agree that although Joe Babajian is gay, Joe Babajian sometimes acts in a homophobic manner, especially toward more effeminate gay men, clearly including the “queen” the other commentator noted.”

Another person, Paul Miller, wrote about the broker: “Who’d a thunk a gay realtor to the stars would be homophobic? He showed me a couple houses and I heard him on the phone talking about one of his listings and how the guy selling it was a queen and crazy.”

Elena Gray-Blanc wrote: “Joe Babajian is living proof that the customer, unfortunately, is not always right. In fact, sometimes the customer is a sucker. That’s the most reasonable conclusion to be drawn from the saga of Mr. Babajian’s real estate career; he worked as a luxury realty agent selling to the rich and famous, got voted one of the top ten realtors in LA on Citysearch, and then – a fraud indictment, which will probably send him to jail.

“In the Realty Times in 1998, Mr. Babajian was quoted as saying that he’s a great realtor because he never pretends to be friends with the celebrities he works for, and essentially keeps his place outside of the spotlight. Congratulations, Mr. Babajian. Now you’re famous all on your own – it only took $40 million in fraudulent loans.”

What do you think of this real estate agent and others?