Charles "Todd" Hill, the 58-year-old star of the show "Flip It to Win It," was remanded to jail after the sentence, according to the Santa Clara County District Attorney's Office. Hill's show's concept was that he bought dilapidated homes, fixed them up and then sold them for a profit. Instead, he spent millions on overpriced remodels, then laundered profits and pocketed millions of money he got out of fraud, prosecutors said.
Evidence showed that Hill laundered money on a rented apartment in San Francisco, as well as hotels, vacations, and luxury cars. He was also discovered to have diverted construction money for his personal use.Prosecutors said Hill created a Ponzi scheme by taking investor funds to buy homes and used them to live lavishly. To hide his crime, he created false balance sheets and got loans using fake information.
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