The 2007 FBI Mortgage Fraud Report, appears on the official United States government FBI website. This report details, in four illustrated steps, how an illegal property flipping scheme works. First, a property flipper buys a house for a low price, in this case $20,000. Next, the flipper purchases a fraudulent appraisal of the property for [...]
fraud
The FBI website contains an April 2008 warning about identity theft and Home Equity Line of Credit loans. The warning details findings from a 2007 FBI study of fraud in the mortgage and real estate industry. The FBI believes thieves steal a person’s identity to either open a new line of credit over the internet [...]
Times have changed in the last ten years. Traveler check fraud is abundant and as a result, businesses are refusing to accept traveler’s checks in the United States. What does this trend mean for our society that businesses prefer that their customers use plastic as opposed to a classic substitute–the traveler check?
An alert for a fraudulent scheme has been posted by the Administrative Office of the U.S. Courts. Several Spanish speaking individuals were contacted by telephone by someone who claimed that there was money owed to pay the debt of another person. The potential victims were informed that there would be a court hearing, and they [...]
Another online site, The Consumerist, recently ran an article about Andy Fanellie being dunned by AFNI, a debt collector, for an old Verizon bill. Andy Fanelli is a Lhasa Apso dog whose owners deny that a Verizon account was ever opened by him or on his behalf (on the other hand, an American Express card [...]
