The one I like is the take off of the old horse track scheme , you know get the bum to go up to the window to collect your winnings so the IRS comes after him.
The real estate agent gets the appraiser to value at 6x value and the mortgage originator sells it on the open market.
They clean up a bum, bring him to the closing with a promise of $500.00 and a place to live for a year or so until foreclosure,
to satisfy the title company and they make a killing.
Been going on for years.
Back when you had local bankers involved it wouldn't fly because they knew the area's.
I love fraud investigations, you learn so much, all criminals are not stupid
shamus
