Fraud Prosecutions Not There (documents, 2014, mortgage, mortgage)

[SmartMoney]

The article below is not intended to encourage fraud, not by a long-shot, but I have had several reach out to me, really wanting to know if they should be worried, some, really losing sleep......and the only one that should be worried was someone that didn't sign their own name. I'm the first to say I am not an attorney......but I also know what the Feds are looking for and they are looking for bigger fish than the random misstep. The ones that are manufacturing their own documents aren't even posting here and don't even care if they are breaking the law. Breathe (easier) people.

DOJ inspector general says department is not as tough as it claims on mortgage fraud - The Washington Post


DOJ INPSECTOR GENERAL SAYS DEPARTMENT IS NOT AS TOUGH AS IT CLAIMS ON MORTGAGE FRAUD


By Dina ElBoghdady, Published: March 13 E-mail the writer
When it comes to cracking down on mortgage fraud, the Justice Department isn’t as tough as its repeated public statements suggest, and it even inflated its success in one highly publicized incident, the department’s internal watchdog said Thursday.Moderator cut: copyright violation

[Restrain]

Here is the brutal fact. Unless the fraud exceeds a million, the FBI, etc will not get involved. A simple fraud of under $100K will most likely never get prosecuted unless there are multiple properties involved, multiple individuals, etc.

Having worked inside the industry, and investigating such fraud, 90+ percent never gets prosecuted, or even investigated. If the lender goes after the entities involved, often they are hidden as corporate entities, the companies disappear and the individuals walk away.