Vorobyov Earns $2M Using US Homes as 'ATMs'
According to the source, they acquired two properties on the Hollywood Hills: a house on Wyndham Road for $1.7 million and a house on Beech Knoll Road for $2.9 million.
Consensus
- Alexey Vorobyov and Ekaterina Gekhmen-Valked purchased two homes in Hollywood Hills.
- They used the homes as collateral to secure loans.
- They received $705,000 in cash from a private lender by mortgaging the first home.
- They sold the first home in 2026 for $1.6 million.
- After paying off all debts, they retained $895,000.
- They took a $1.5 million loan secured by the second home, with repayment due by 2056.
- The second home remains in their ownership and continues to serve as collateral for ongoing financing.
- The scheme involves significant financial risk, including potential lender insolvency and forced repayment.
- The lender has the right to seize rental income without court action if payments are missed.
- The strategy depends on a stable real estate market and the continued solvency of the lending company.
Points of divergence
- Vorobyov's representative stated that the artist does not engage in property purchases or mortgages in the U.S., lives permanently in Russia, and supports his country. — riamo
- An expert in real estate and mortgage brokerage, Dmitry Rakuta, stated that mortgage rehypothecation is not a fraudulent scheme if no document fraud occurs. — vm
- The expert noted that risks arise if the lender artificially inflates property valuation or if there are violations such as payment delays or undisclosed issues. — vm
Coverage (4 sources)
- Turned homes into 'ATMs': how Alexey Vorobyov earned $2 million — РИАМО
- «Risk is present»: is Vorobyev's earning of 2 million dollars on the scheme of buying houses in the USA legal? — Вечерняя Москва
- Baza: Alexey Vorobyov earned two million dollars on a scheme with houses in the USA — Вечерняя Москва
- Singer Alexey Vorobyov with business partner earned 2 million dollars, turning his American homes into 'ATM...', — Baza
Key entities
- Alexei Vorobiev
- USA
- Ekaterina Gechmen-Waldock
- Hollywood Hills
- Wyndham Road
- Baza
- Singer
- RIA Novosti
- Evening Moscow
- Bases