Davenport pictured above wearing Fedora
We all can remember where we were when the American real estate market crashed back in the late 2000’s. If you’ve seen the movie The Big Short, you’re familiar with how seedy and ruthless lenders and others in the housing industry were to unsuspecting citizens looking to buy their dream homes. Now it looks like a once world famous rock star got in on the scam game as well.
NPR released details about the story earlier today, stating that Davenport and Cynthia Rawlison were both charged with conspiracy to commit mail and wire fraud, five counts of wire fraud, and one count of mail fraud, with possible jail sentences of up to 30 years. The pair were arraigned on January 17. They’re accused of scamming 100,000 people out of $27 million. Their company, American Standard would make advertisements across multiple platforms enticing customers to pay upwards of $199 for access to their databases of homes for sale well below under market value. After paying, customers would come to find out the homes didn’t exist at all, or the addresses were fake.
Davenport left The Ataris after being the bass guitarist during the height of their hype. They are best known for the hit track “Boys of Summer” which helped catapult their album So Long, Astoria to go gold with over 700,000 units sold to date.