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Old 11-30-2008, 07:28 PM
 
7,025 posts, read 11,405,301 times
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On Monday, state and federal law enforcement officials arrested four men who were part of a group that allegedly combined high-tech equipment with old-fashioned con-artistry to drain home-equity lines.

According to charging documents unsealed this week in New Jersey’s U.S. District Court, the men and four others arrested earlier this year tricked multiple banks and credit unions into wiring more than $2.5 million from home-equity lines to accounts controlled by members of a fraud ring in Canada, China, Japan, Vietnam and South Korea, among other countries.





Feds crack global ID-theft ring that raided home equity | The Journal Gazette

 
Old 07-07-2015, 06:16 PM
 
Location: Atlantis
3,016 posts, read 3,908,221 times
Reputation: 8867
Home equity?

The money isn't even real under a fractional reserve, fiat money system

How is that even theft?
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