Mortgage Fraud Summit Reveals Both Systemic Fraud and FBI’s Seeming Blind Eye
The true nature of the fraud is found in the current nature and structure of the financial / mortgage / foreclosure system itself. That level of investigation is what the FBI carefully tip-toed around
Palm Coast, FL – December 18, 2010
To combat mortgage and foreclosure fraud, we first need to understand the nature of the fraud. There are the small-potato schemes — the loan modification-aid scams, or the scams of fraudsters busting into foreclosed properties and renting them out. Yes, people get burned this way, but going after these frauds is like prosecuting the drug dealer on the corner, if you will.
The true nature of the fraud — the kingpin level, so to speak — is found in the current nature and structure of the financial / mortgage / foreclosure system itself. And that level of investigation is what the FBI carefully tip-toed around discussing at Wednesday’s Mortgage Fraud Summit that took place in Ontario, Ca.
Read More of this excellent article >>>>Huffington Post [12-18-2010]
Toby needs to start a petition!
Toby,
Help Us!!! You and your readers can strike up a petition to our Congressmen. The banks are the criminals and the little homeowner pays a devastating price. We need someone like you to help bail us out of this mess! Please!