“Fraud for House” Mortgage Scams Greed, ignorance, and good intentions are the various starting points for mortgage fraud. Whether a person is looking for a home to live in that’s nicer than he can legitimately afford, or he’s looking to flip a property to make a quick buck, mortgage fraud entails lying or hiding information [...]
Street Gang Real Estate Fraud The FBI recently uncovered the largest mortgage fraud case ever prosecuted in the Southern District of California. This elaborate con which ran from 2005 to 2008, defrauded over 70 lenders and involved the sale of 220 homes and mortgages with a total value in excess of 0 million. The Southern [...]
10 Mail & Wire Fraud Statute Facets Fraudulent misrepresentations and schemes to defraud which use the United States mail to further that fraudulent conduct, can be prosecuted as mail fraud. Also, another commonly used federal law to prosecute misrepresentations and frauds is the statute known as “wire fraud.” The United States Attorney Office will [...]
Bankuptcy Fraud Criminal and Civil Liabilities Bankruptcy is a system established with a purpose of giving debtors a “fresh start”. As any system, it’s prone to abuse and there are is a set of federal statutes that provide for civil and criminal penalties for what the law considers to be bankruptcy abuse or fraud. Bankruptcy [...]
How To Mitigate Appraisal Fraud Patterns Appraisal fraud is a component of many mortgage fraud schemes. This type of fraud is one of the more sophisticated techniques being used to commit mortgage fraud. As one of the fastest growing financial crimes in U.S. history, counter measurements to mortgage fraud are required. One of these measurements [...]
New York (PRWEB) April 19, 2010 The tide has changed in the global fight against corruption, as regulatory agencies take a more aggressive approach to investigating violations and raise the penalties for abuses, according to a new report from global risk consulting company Kroll. The latest edition of the Kroll Global Fraud Report highlights [...]
Six Tips to Help Companies Mitigate Mortgage Fraud Risk Mortgage fraud is one of the fasting growing financial crimes in US history. Techniques to commit mortgage fraud have grown more sophisticated, resulting in more advanced counter techniques to combat mortgage fraud. In 2005 the FBI reported over one billion dollars in property and loans were [...]
Philadelphia, PA (PRWEB) May 10, 2010 In the wake of the disturbing details being released about the tragedy at the University of Virginia, the issue of background checks for student-athletes is becoming an important topic for parents, schools and other students. Stuart Drobny, one of the nations preeminent private investigators, is available [...]
Confronting Mortgage Fraud With Mortgage Database Software Each day financial institutions are confronted with mortgage fraud risk. Mortgage fraud has become one of the fastest growing financial crimes in the history of the United States. As a result, the federal government has created a special task force to treat mortgage fraud as a type of [...]
Bill 152: Ontario’s Response to Real Estate Fraud Real estate fraud has been a hot topic in Ontario recently. There have been a number of stories reported in the Toronto area where innocent homeowners have had their title transferred to fraudsters and/or have had fraudulent mortgages registered on title to their properties. There was a [...]