State prosecutors have charged a real estate agent with trying to price-gouge a couple affected by the Eaton fire in La Canada Flintridge. Mike Kobeissi is accused of raising rent by 38% after the couple's application was submitted, violating state law. The investigation followed a complaint related to an emergency order from the state protecting fire victims against price increases. Kobeissi, however, insists that the rent adjustment was due to market conditions, disputing the allegations and asserting that the rental price was fair based on local rates.
State prosecutors have charged a realtor for allegedly price-gouging after the Eaton fire. Kobeissi denied the claims, insisting the price increase was justified by market changes.
The investigation into Kobeissi began after a complaint linked to a state emergency order protecting fire victims from gouging. Attorney General Bonta highlighted aggressive legal action against such practices.
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