Read Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez

Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez

Alexis C. Bell

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Description:Abstract Mortgage fraud has been described as "a form of bank robbery where the bank is not even aware it has been robbed until months or years later." Within the United States, an estimated $14 billion (0.66% of all loans) in fraudulent loans were originated in 2009 alone. In United States v. Quintero-Lopez, 15 defendants were indicted on 70 counts in the Southern District of Florida for a mortgage fraud scheme involving 16 fraudulent loans totaling $6 million in disbursements. This case study examines over 3 1/2 years of activity, incorporates a detailed risk assessment and highlights best practices for prevention, detection, and investigation. The methodology of the scheme is detailed in a process flowchart, link analysis, and timeline of events. Keywords: mortgage, fraud, loan, risk assessment, investigation, economic crime Table of Contents Introduction6 Case Summary9 Illegal Property Flipping Scheme11 Description11 Methodology11 Facts of the Case14 Risk Assessment27 Indicators27 Cause27 Industry Risk28 Geographic Risk30 Fraud Risk Exposure31 Operational Risk31 Financial Reporting Risk34 Compliance Risk38 Best Practices39 Fraud Prevention39 Fraud Detection44 Fraud Investigation49 Analyst's Notebook51 References52 Appendix A Mortgage Fraud Schemes as per the Federal Bureau of Investigation: 2009 Financial Crimes Report and the 2009 Mortgage Fraud Report57 Appendix B Process Flowchart for United States v Quintero-Lopez (2007)66 Appendix C Link Analysis for United States v Quintero-Lopez (2007)83 Appendix D Timeline Chart of Houses 1(a) through 4(d) for United States v Quintero- Lopez (2007)114 Appendix E Timeline Chart of Houses 5(e) through 8(h) for United States v Quintero-Lopez (2007)125We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez. To get started finding Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez, you are right to find our website which has a comprehensive collection of manuals listed.
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ISBN: 1470161036

Description: Abstract Mortgage fraud has been described as "a form of bank robbery where the bank is not even aware it has been robbed until months or years later." Within the United States, an estimated $14 billion (0.66% of all loans) in fraudulent loans were originated in 2009 alone. In United States v. Quintero-Lopez, 15 defendants were indicted on 70 counts in the Southern District of Florida for a mortgage fraud scheme involving 16 fraudulent loans totaling $6 million in disbursements. This case study examines over 3 1/2 years of activity, incorporates a detailed risk assessment and highlights best practices for prevention, detection, and investigation. The methodology of the scheme is detailed in a process flowchart, link analysis, and timeline of events. Keywords: mortgage, fraud, loan, risk assessment, investigation, economic crime Table of Contents Introduction6 Case Summary9 Illegal Property Flipping Scheme11 Description11 Methodology11 Facts of the Case14 Risk Assessment27 Indicators27 Cause27 Industry Risk28 Geographic Risk30 Fraud Risk Exposure31 Operational Risk31 Financial Reporting Risk34 Compliance Risk38 Best Practices39 Fraud Prevention39 Fraud Detection44 Fraud Investigation49 Analyst's Notebook51 References52 Appendix A Mortgage Fraud Schemes as per the Federal Bureau of Investigation: 2009 Financial Crimes Report and the 2009 Mortgage Fraud Report57 Appendix B Process Flowchart for United States v Quintero-Lopez (2007)66 Appendix C Link Analysis for United States v Quintero-Lopez (2007)83 Appendix D Timeline Chart of Houses 1(a) through 4(d) for United States v Quintero- Lopez (2007)114 Appendix E Timeline Chart of Houses 5(e) through 8(h) for United States v Quintero-Lopez (2007)125We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez. To get started finding Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez

Mortgage Fraud & the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez

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