Sunday, May 24, 2009

MORTGAGE FRAUD AND OTHER CRIMES - FINCEN

The Financial Crimes Enforcement Network (FINCEN) reports that mortgage fraudsters are often involved in check fraud, money laundering, stock manipulation, structuring to avoid currency transaction reporting requirements and other crimes. Having identified approximately 156,000 mortgage fraud subjects, FINCEN report shows that 2,360 were involved in suspicious activities that showed up in nearly 3,700 other cases.

Full report: http://www.fincen.gov/news_room/rp/files/mortgage_fraud.pdf

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